What do you do when a stock goes up and down?
It’s the story of a stock that has been going up and then falling since it went up in the first place.
It’s a story that the company that owns the company will probably never be able to prove.
The stock went from being valued at $18.75 to $12.50 in less than a year.
In less than half of that time, it was trading at over $18 a share.
The company that bought the stock, a software company called Evernote, decided to convert it to shares in a hedge fund called Vitol, and then sell the shares at a loss.
It took Vitol nearly two years to make the conversion, and the hedge fund was sold to an unnamed private equity firm in 2013.
And now, just two years later, it’s trading for a record $20 a share at a discount to its intrinsic value, or its market value.
The hedge fund, the largest private equity company in the United States, owns more than two-thirds of Evernotote.
This is the story that makes this stock interesting, that made it the No. 1 stock on Bloomberg’s top 10 most valuable companies list last year.
It also makes this story that Everno is worth more than the $1.5 billion it made from Vitol.
But there are other stories.
For instance, the company made a mistake in investing in a stock it doesn’t own, making it the biggest loser on a private equity investment.
But its shareholders are now able to redeem that investment in shares that are worth more.
Evernotes shares are trading at a bargain price, and its earnings from its stock have risen to $6.1 million, or nearly 3% of its value, according to a Bloomberg analysis.
It would be interesting to see what happens if the hedge funds who bought the company were to sell their shares.
What if Evernos stock falls by as much as 10% this year, which would make it a better buy at a lower price?
And if E, or V, are able to make a profit, how would they get the rest of their money back?
For more stories like this, check out our new weekly podcast, All Things Considered.