For the sucker born every minute: Buy "stock" in 49ers Vernon Davis' earning potential
At least a few investors believe 49ers tight end Vernon Davis will have a lucrative career.
An unusual stock tied to Davis' earning potential gained $2 to close at $12 in its trading debut Monday. Only 496 shares had traded as of Monday afternoon.
Fantex Brokerage Services said last week it would offer 421,000 shares of the tight end at a price of $10 a share. Those who wanted to buy shares were required to place a reservation and fund their accounts before Monday's initial public offering.
SNIP
The value of the tracking stock offered by Fantex will depend on Davis' ability to sign a big contract after his current deal with the 49ers expires in 2015.
LINK: http://espn.go.com/nfl/story/_/id/10852827/vernon-davis-ipo-gains-10-percent-limited-debut
Dumb, dumb, dumb. Davis plays in a punishing pro game and is already 30 years old. He's also a tight end, not exactly a position that yields historically high contracts.
I guess one share isn't going to break anyone. Maybe it'll even be worth something in collectible value some day. You could buy also buy some pretty good artisan brew. Now that I'll drink to.
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