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Berkshire's investment in Blue Chip went from 36.5 percent in 1977 to 60 percent in 1979 and finally merged in a stock swap in 1983. [3] According to Buffett's 2006 letter to Berkshire shareholders, Blue Chip had 1970 sales of US$126 million as about 60 billion "stamps were licked by savers, pasted into books, and taken to Blue Chip redemption ...
A look back at this transformative deal
During this time trading stamp companies had between 1,400 - 1,600 retail centers where consumers could redeem their stamps for consumer goods. [3] In the early 1960s, the S&H Green Stamps company boasted that it printed more stamps annually than the number of postage stamps printed by the US government. [6]
The company provided the capital needed to take the guru's investment career forward
S&H Green Stamps Booklet covers. S&H Green Stamps was a line of trading stamps popular in the United States from 1896 until the late 1980s. They were distributed as part of a rewards program operated by the Sperry & Hutchinson company (S&H), founded in 1896 by Thomas Sperry and Shelley Byron Hutchinson.
Blue chip stocks are those offered by companies that have built a reputation over decades as dependable, predictable organizations with high brand recognition and a history of positive returns for ...
Green Shield Stamps was a British sales promotion scheme that rewarded shoppers with stamps that could be used to buy gifts from a catalogue or from any affiliated retailer. The scheme was introduced in 1958 by Richard Tompkins , who had noticed the success of the long-established Sperry & Hutchinson Green Stamps in America.
The most popular index that follows United States blue chips is the Dow Jones Industrial Average, a price-weighted average of 30 blue-chip stocks that are generally the leaders in their industry. All companies in the Dow Jones Industrial Average are blue-chips, but the Dow Jones Industrial Average is an index that does not include all companies ...
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