Online stock trading – (Saturday Evening Post, Holiday), whose $7 cumulative preferred in 1947 was in arrears nearly $57 a share.

Depressed by this performance, the market price of the stock was down to $56 a share. From this point on, however, Curtis began to pay off the accumulation. By 1955, regular and back dividends of $120 had been paid, and, encouraged by this performance, the market price of the stock had risen to about $107 per share. For the investor who bought in about 1940, this was a long haul simply to stay even. But the speculator who got aboard in 1947 doubled his investment and received twice the usual amount of dividends. Picking the time to buy such situations requires a sensitivity that few of us develop.

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