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Old 04-01-2020, 10:29 PM
merc lover merc lover is offline
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Join Date: Jul 2019
Posts: 2,936
Quote:
Originally Posted by davidmash View Post
Which companies?

Unfortunately, I am close to the situation and therefore unable to reveal identities due to possible conflict of interest.

That said, once upon a time, I worked for another fortune 500 company that eventually went bankrupt. One of the largest investment firms in the country called me up and asked me if I would be interested in purchasing ten million dollars in stock for the low low price of $5K. I mentioned that now that the company was bankrupt, the stock wasn't worth the paper it was printed on. I could hear the heavy sigh on the other end of the phone. "How could this happen? We NEVER SAW THIS COMING".

I'm always surprised at just how LITTLE some investors know about the inner and outer workings of the companies they are invested in.

Sometimes just a simple interface with the sales and/or customer service department will reveal a boat load of information.
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