Sunday 28 March 1999
In 1992, I inherited some British American Tobacco (BAT) shares from a relative who had died of cancer. I sold these and bought Wellcome shares. When the company was taken over by Glaxo in 1995, I received cash and Glaxo shares. I invested the cash in more Glaxo shares. At the time of the takeover, Glaxo shares stood at pounds 6.90. GlaxoWellcome shares are now over pounds 19.
The Fool responds: What can be more Foolish than long-term investments in a quality company whose ethical profile fits neatly with yours? Give yourself the credit you deserve for this excellent investment, you Fool!
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