Is this true?
Midnight Sun Sheriff Carla forwarded me the following statement:
If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left. With Enron, you would have had $16.50 left of the original $1,000. With WorldCom, you would have had less than $5 left. But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for an aluminum recycling REFUND, you would have $214 cash.
Based on the above, the best current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan. A recent study found the average American walks about 900 miles a year. Another study found Americans drink, on the average, 22 gallons of alcohol a year. That means, on average, Americans get about 41 miles to the gallon.
This sounds too good to be true. But if it is true, I'm sending a memo to Midnight Sun's senior account executive. This could be a huge new revenue stream!
(Sun archive photo)
Erik Maza is a features reporter at the Baltimore Sun. He writes for several sections of the Sun paper and contributes weekly columns on music and nightlife. He also writes and edits the Midnight Sun blog. He often covers entertainment, business, and the business of entertainment. Occasionally, he writes about Four Loko, The Block, the liquor board, and those who practice "
Comments
Way ahead of you, Sam.
Posted by: bryanintimonium | October 7, 2008 9:04 AM
you would have to live in a state where they do this right? There was a whole Seinfeld episode based on this, but they couldn't work out volume vs. gas price.
Besides, at least in Michigan, I believe beer is priced to accommodate the refund. It's more like a deposit than free money.
Posted by: GMan | October 7, 2008 9:28 AM
Now let's push this big ball of oil out the window.
Posted by: JTK | October 7, 2008 12:33 PM
Depends on the price of your beer too, expensive imports don't go as far. Or come in cans! :)
Posted by: omars | October 10, 2008 6:12 PM
Is this true? Maybe in 2003 (all companies named were delisted then, with the exception of DAL reissued after settling bankruptcy). While the hypothetical investments make for a fun comparison, a more prudent investment in beer would have been to purchase $1000 of BUD a year ago. It would be worth over $1250 now.
Posted by: byrd | October 14, 2008 9:58 PM