Special offer

Al Gore must be an investment genius

By
Industry Observer

My morning stock market overview landed on the Yahoo Finance page for Apple.  Looking through the data I found that the third highest individual holder of Apple stock is the inventor of the internet himself, Albert Gore Jr.  The man must be some kind of genius, because he bought 59,000 shares of Apple stock on January 15 for the price of $7.48 a share.  This transaction was an option that he exercised as a director.  Even though the stock is down over $100 in the last few weeks, seven and a half bucks sounds like a pretty good deal to me.

Undoubtedly, as the inventor of the internet, Gore has contributed much to Apple's success.  He can also take comfort in knowing that Apple stock can drop another four hundred bucks, and he will still be able to show a substantial profit on the purchase.  Perhaps he will sell immediately and use the proceeds to buy a new home.  I wonder what's available for around $27 million in his neighborhood.

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yikes that is an interesting investment for him.  He made a good move here.

Jan 25, 2013 12:26 AM
Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

I wish I had bought some Apple stock for that price.

Jan 25, 2013 12:31 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Tim, good fortune occurs when you invent the internet:)

Edward & Celia, you should have grabbed the brass ring in February, 1996.  Of course, there are quite a few folks who bought between $600 and $700 recently.

Jan 25, 2013 12:39 AM
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

Mike -- and they say they don't give politicians special treatment!  I wonder what the basis of that option was, and how it was sooooo low?

Have a fantastic weekend!

Jan 25, 2013 02:28 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Steven, I had hopes that you would be able to fill in the details for us.  Aren't you related to Tim?

 

Jan 25, 2013 04:57 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

To many times this happens and the little stock holder take it in the shorts.

Jan 25, 2013 08:28 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Just my opinion, but sometimes the only thing a director brings to the table is an appetite.

Jan 25, 2013 10:38 PM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Mike  Although I have several friends that do this I still have a hard time understanding doing business with people that make money off of your money!  Banking and the games money changers play (derivatives) scare me. Great blog and thanks for sharing

Feb 18, 2013 02:43 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

John, do all your clients pay cash for their buys?  The human race has been doing business with people who make money off the money of others for thousands of years.  Of course, some take a calculated risk, and others just take the money.  Gore seems to be in the second category.

Feb 20, 2013 11:31 PM