I had an interesting experience today - a colleague I work with knew that I am a pilot, and that I have an interest in All Things Aviation. Today he whipped out two stock certificates, one for 5 shares of The Cessna Aircraft Company from 1970 signed by Russ Meyers.
The second certificate, also for 5 shares, was issued in 1978. My curiosity has me searching to help my friend find out if the stock certificates have any value. My first foray into researching this took me to the scripophly.com web site where old stock certificates for The Cessna Aircraft Company are selling for $ 495.00 in mint condition.
The certificates I looked at today were absolutely beautiful, and in original condition. They looked like they had been placed in a safe deposit box and never looked at. The company was founded in 1927 and manufactures general aviation aircraft of all kinds ranging from single engine piston powered training aircraft to the world's fastest business jet, the Citation X.
You can learn more about the world's fastest business jet, Citation X here.
Cessna is the world’s largest general aviation manufacturer in terms of annual unit sales, producing single-engine piston aircraft, turboprops and the world’s best-selling line of business jets, the Cessna Citation. Columbia has produced more than 600 aircraft in its 10-year history.
As I searched around I found more sites selling old Cessna Aircraft Company stock certificates, details of a lawsuit involving Cessna, and article about Cessna Aircraft Company, a Textron Inc. (TXT) company, partnering with Shenyang Aircraft Corporation (SAC) to manufacture the new Model 162 SkyCatcher light sport aircraft (LSA). SAC is a subsidiary of China Aviation Industry Corporation I (AVIC I), which is a government-owned consortium of aircraft manufacturers.
If you have time it is truly interesting what you can find on the world wide web!
Until next time keep your wings straight and level Hersch!