RE:RE:RE:RE:RE:RE:$ 4.00Back in the 70s a company a small company called Ultramar decided to build a refinery near Quebec city. my first job after graduation was there. where also I met my wife. After our marriage we decided to go to Europe for our honeymoon. the boss said while you are there why don't you attend Ultramars Annual meeting in London. Stupidly I said yes , much to my wifes chagrine.
At the meeting, the president jokingly mentioned that Ultramar had 3 balls in the air. a ping pong ball which was its California operations, A tennis ball which was its Canadian operations and A basketball which was the worlds first LNG plant in Indonesia. Being a company founded by a bunch of English lords , they lost no time in guffawing at stupid Canadians who had attribute no value at all to the Indonesian operations as witnessed by the low share price on the Canadian exchange.
Intrigued I returned to Canada, and driven by greed decided to invest everything in Ultramar then borrowed some money then opened a margin account and borrowed more. One day my broker called and said you have until a certain date to sell or we will do it for you.I begged for one extra day and fortunately he gave me that. That extra day was the one that the share price finally turned upward. eventually I had a 32 bagger all told. which allowed me to do many things which made life interesting to me (including investing in other stocks) So here I am 5 decades later still hoping for another 32 bagger. That is what keeps me up at night and my wife to her continuing chagrine is still aware of it !!