If I bought stock in Deere ten years ago through Edward Jones, did Edward Jones send a check straight to Deere and Company for the full amount less commission? If I walked in and sold that stock today, would Edward Jones be reimbursed by Deere? That's all I'm saying, when a company issues stock, that's what they get for it, what it was worth at the initial offering. If I'm wrong, correct me. Anytime that stock trades hands after that initial offering, somebody else is either making or loosing money on it, not the company that issued it, correct or not? I just don't think that people should feel like they're somehow helping the company by buying stock after the initial offering. After that, it's just a gamble on whether the value will go up or down or just simply to get the income from the dividends. Right or wrong? Yes, if the stock value tanks below the value of the initial offering, that's a probably a problem for the company, but otherwise, those trading the stock are assuming all the risk of profit and loss.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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