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Precious Metals - Kmart - Kodak - Sears -
Turner Broadcasting - Walmart

Saturday, November 05, 2005


Sears was the first of three retail companies in which I chose to invest. The other two were Kmart and Walmart. (More about Walmart in a future post.)

While walking through a Kmart one day, I looked around and said to myself, Kmart has been in business since I can remember. And even though you hardly ever see anyone in the store, and there is never enough checkout personnel, they must be doing something right because day after day, Kmart is offering discount prices.

Somehow I got it in my head that Kmart was going to be the Sears of the future. I had a gut feeling that Kmart was a sleeper stock, and as soon as people would start to realize that, the stock prices would skyrocket, hopefully AFTER I had made an initial investment.

So in the Fall of '87, I became a shareholder in the Kmart Corporation after buying an odd lot, (ten shares,) of the company stock.

Now I just needed to wait until everybody else learned what I already knew.

*** Read from the Beginning *** Next Article ***



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