Thursday, March 12, 2009

Stock Sales Won't Buy Panties & Spark Plugs!

Getting the most from those diminished shares
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The comparison of the price of one share of some popular companies to the firm's popular products:

At Ruth's Hospitality Group's Chris Steak House in Manhattan, where a Cowboy Ribeye costs $47, the price of a share in the restaurant chain would cover the 80-cent sales tax on a side order of potatoes au gratin.

A visitor to a Citigroup branch could either pay $3 to withdraw cash from an automated teller machine or buy three shares of what once was the world's biggest bank by market value.

A General Electric Co. share would purchase a 26-watt EnergySmart light bulb that's not supposed to burn out for five years.

It would take about four shares of General Motors Corp. to buy a $7.99 Bosch Iridium-Fusion spark plug for a four-cylinder Chevrolet Cobalt.

A Sunday edition of the New York Times sells on city newsstands for $4, more than the cost of one of the publisher's shares.

Two shares of Tiffany & Co. would cover the $32.51 price, including sales tax, for hand-engraving initials on a sterling-silver money clip, according to the store's Web site.

A share of Limited Brands Inc., owner of lingerie retailer Victoria's Secret, costs less than a package of three pairs of its Sexy Little Thing panties.

One share of Starbucks Corp. costs less than a one-pound bag of Breakfast Blend coffee selling for $9.95 at the Seattle-based company's online store.

Source: Bloomberg News

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