This 120-proof
shot’s for youAmid the scores of mortgage come-ons and X-rated offers (maybe those nouns should be transposed), this e-mail arrived the other day from Grant Merritt, a Manoa resident and occasional writer of letters to the editor:
"If you had bought $1,000 worth of Nortel stock one year ago, it would be worth $49; with Enron, you would have $16.50; with WorldCom, you would have less than $5 left. If you had bought $1,000 worth of Budweiser (the beer, not the stock) one year ago, and drank all the beer, then turned the cans in for a 10-cent deposit, you would have $214.
"Based on this analysis, the current investment advice is to drink heavily and recycle."
My guess is the folks who were left holding that greatly devalued stock needed something stiffer than a Bud.
--Mary Poole