Guy Buys $130 Million in Stock at a Garage Sale
Summer is on the way! For all you bargain hunters out there that means garage sales! I can’t think of any better use of a Saturday morning than getting up at the crack of dawn to sift through preworn socks at 25 cents a pair. Except maybe sleeping. Or working. Or doing pretty much ANYTHING else. If I DID go, I’d be hoping to find something worth a ton of money so I could sell it on eBay. Kinda like Tony Marohn did back in 2008. Marohn bought a stock certificate for Palmer Union Oil at a garage sale. After a few years of research, Marohn traced the holdings of the original company all the way back to the Coca Cola Co. and his family has filed a lawsuit claiming his estate is owed of 1.8 million shares of Coca Cola. Of course Coke has denied his claim, saying that the certificate is meaningless without records of the stock purchase. Oh yeah, BTW Coca cola traded at $73.47 a share yesterday so this claim is potentially worth more than $132 million dollars. Check out the whole story here.