Subject: Re: considering coat tailing OXY
Ok, so the share price was around $3 in 88/89 so 10 x earnings. The share price was $40 a decade later so a 12 multiple of purchase. These are the ones we're all looking for, sounds similar to Apple actually.
Looking at the chart and as has been previously discussed here it would have been good to cash out then, also reaffirms my view of a 5 year outlook on a company, if it turns into a 10 year opportunity fantastic but you can't see out that far.