Just checked, some stock purchased in 1979, basis $0.09, glad in retirement account! Some later but still crazy gains for buy and hold.....it's not a dead strategy if the company is managed with that in mind....lots of family ownership I think keeps it on keel. Of course, at some point they might sell too, but it seems interests would still be aligned. Thanks dad for recommending this company! (RIP ...unfortunately missed every day...)
Plus if you know Bio the replaced lender, while they do provide a service to a certain client base, is lending at quite high rates due to the speculative nature of their participation - yea - stopping beyond that is a great thing!