47 Cents Can Help You Save Thousands
I attempted to contact a company the other day to do some research. The phone number listed on their 10K was disconnected and there was no forwarding number. I would also bet that if I sent a letter to the company, it would be returned by the post office with a stamp that reads “No such addressee”.
Sometimes, the art of investing is an application of good old fashioned common sense. A disconnected number with no forwarding number and a bad address listed on an SEC filing indicates that something is not right. At the very least, it tells me that management of that company isn’t very responsible.
With about 5 minutes of your time and about 47 cents of your hard earned dollars (10 cents for the phone call and 37 cents for the stamp), you can save yourself of a lot of money and lost sleep.
What should you say in the letter you ask?
Dear Sir:
I am an interested investor and I just wanted to make sure that a company actually exists at this address.
Sincerely,
Smart Investor
