Radio Shack - In Response to Anthony Davis
Anthony Davis writes an article based on the history of Radio Shack, a part of Tandy... Here it is. But I have something else -- related to Tandy -- to share with you.
My mother and my father had limited income. But the unions came along and became strong. As a result, my father's income and benefits increased considerably.
My parents decided to "play" the stock market. They did so through a man who lived in our own town, Haddonfield, Camden County, New Jersey.
The man suggested to my parents they invest in Tandy. Tandy was a hobby-related business that specialized in such things as leather working and home electronics.
When my parents bought stock in Tandy, it was something like 2-7/8. Well, believe it or not, it shot up to nearly 10. The man told my parents, "Sell, sell."
What do you think? Did they sell?
Well, they did.
They would long regret that they did. Why?
It KEPT going up. It peaked out at about 100!
Image Credit » Pixabay https://pixabay.com/en/refugees-economic-migrants-1015310/