Home -> Law Blog Directory -> Law Students Blogs -> Butterflyfish

Law Students

: Butterflyfish

High grade issue for capital growth

Mr. D and his wife were the original owners of our house. We were tearing out the original shelves in our hall closet to put in new shelves to make a proper linen closet when Bullshark found a really old envelope stuck behind the shelf. Turns out, it was a little slice of history.

The envelope is addressed to Mr. D. It is postmarked September 9, 1967. Postage was 5 cents. The letter inside was from the research department of a local investment firm. It recommended that Mr. D and his wife purchase Sears, Roebuck stock at 57 1/2.

He has long since passed away, but his wife lived here until we bought the place in 2003.

I hope he bought the stock. It is probably worth a lot of money now.

On the 'to do' list: Try to hunt down the successor in interest of this investment firm. (I think I already have -- google is wonderful). I'll write to see if they want the paper. After all, they were right. The nationalization of the Algerian oil fields in 1967 didn't affect Mobil Oil's long term prospects.

Full post as published by Butterflyfish on February 19, 2010 (boomark / email).