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A Stock My Boys Could Love
By JLP | December 7, 2006
DISCLAIMER: I’m in no way suggesting you invest in this stock!
I have been reading that the company that makes Heelys, a shoe that has wheels in the heel of the shoe, is going public. The company will trade on the NASDAQ under the symbol HLYS. Heelys is offering 6.25 million shares, which are expected to price between $16 – $18 per share. Based on those numbers, the company would have a market value of $100 – $112 million unless the shares trade a lot higher.
I don’t know the company’s financials but I do know that my kids love the shoes. Both of them have purchased two pairs of Heelys. The shoes retail for $40 – $80 a pair (I think). I’m thinking it would be a great way to introduce my boys to investing and how a business is run. And, even if we don’t buy the stock, they could still follow it daily.
Topics: Investing, Kids and Money | 1 Comment »
December 7th, 2006 at 4:19 pm
That is the best way to introduce stock investing to children. Find out what they love and teach them to see the big picture.