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Name That Stock

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by Felix Salmon
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Nov 05 2007 12:00am EDT

Name That Stock!

Two years ago, a benefactor donated a slug of stock to the Boys and Girls Club of Pittsfield, Mass. Back then, it was "basically worthless," according to John Donna, the club’s president. In December 2006, that stock was sold for $14 million. Katie Zezima reports that "the club agreed not to disclose who donated the stock or the company," but does it need to? If we can take Zezima's story at face value, we can probably assume that

  • The company was publicly listed at the end of 2005, but basically worthless – which probably means it went public at a much higher price some time before then.
  • By the end of 2006, the company had skyrocketed in value, quite possibly by a factor of more than 1,000.
  • Someone closely connected with the company has some kind of connection with Pittsfield, Mass.

There really can't be many companies which fit this bill. Any ideas?

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