Forrest Gump's Apple stock investment

C

ColdPizza

Banned
I'm watching the movie now and just reached the scene where Forrest said Lt. Dan invested a bunch of their Bubba Gump money into Apple. Besides the stock doubling in price by 1983, I don't see how this is an example of how they wouldn't have to worry about money any more.

The stock basically traded sideways for the rest of the 80s and didn't really explode until the 2000s. So I just find it awkward they chose Apple, unless Apple paid them as sort of an advertisement to be in the film?

There's a few articles out that guesses what their stake in the company would be, so I'll share this one.

http://www.businessinsider.com/forrest-gump-apple-price-2015-5
 
It was an opportunity for a joke about Forrest having stock in what he thought was a fruit company. Nothing deeper than that.
 
They probably picked Apple because it was a familiar logo they could use the "fruit company" line with.

It doesn't need any more analysis.
 
Forrest was also supposedly the reason Nixon resigned the presidency over the Watergate scandal.

I'm sure he had nothing to do with that. Movie is bullshit.
 
Some other article said if they got like 100k shares at IPO their stake would be over $6b at the time the article was written. Probably way more so by now.
 
Ok. Did anyone ever notice that Bejamin Button is basically Forrest Gump?!
 
RTTP: I never really understood why this pleasant, ambulatory movie became such a phenomenon. To me it's like Field of Dreams but with mental acuity taking the place of baseball. I don't understand why Field of Dreams was massive either. Outside of the fact that Americans LOVE a sports story where the supernatural, prison or an animal helps an otherwise shitty team win.
 
Didn't Apple have the largest opening for a publicly traded stock at the time?

I forget the specifics.

From wikipedia...

https://en.wikipedia.org/wiki/History_of_Apple_Inc.

On December 12, 1980, Apple launched the Initial Public Offering of its stock to the investing public. When Apple went public, it generated more capital than any IPO since Ford Motor Company in 1956 and instantly created more millionaires (about 300) than any company in history.[20] Several venture capitalists cashed out, reaping billions in long-term capital gains.
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So yah, it was worth buying Apple stock in 1980.
 
I wonder if anyone actually bought Apple stock because of this movie.

$1,000 of AAPL stock in July 6, 1994 would have been equivalent to 1,064 (stock-split-adjusted) shares.

1,064 shares times the current market price of $128.66 would equal a portfolio value of $136,894 or an increase of 13,589%. Compounded annually, that is nearly a 30% return each and every year for nearly 20 years (far better than the interest your bank pays you). Now, how do you like them apples? (oh sorry, wrong obscure movie reference)
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Stinkles said:
RTTP: I never really understood why this pleasant, ambulatory movie became such a phenomenon. To me it's like Field of Dreams but with mental acuity taking the place of baseball. I don't understand why Field of Dreams was massive either. Outside of the fact that Americans LOVE a sports story where the supernatural, prison or an animal helps an otherwise shitty team win.
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Right place, right time. Cutting edge effects for the time to put Forrest in historical moments. Hell of a performance by Tom Hanks, and simple but effective emotional manipulation. Also a soundtrack that touched on a generation's nostalgia.

Field of Dreams...combine a love of sports, in this case baseball which older Americans (including myself) consider a religion, with father issues and you've got a recipe for $$$. Again, effective emotional manipulation. I'm more of a Major League and A League of Their Own fan as far as baseball movies, though.
 
ColdPizza said:
Some other article said if they got like 100k shares at IPO their stake would be over $6b at the time the article was written. Probably way more so by now.
Click to expand...

Apple stocks started at $22. One IPO share would be 56 shares now if you held onto them. The current share price is about $153.

100 000 x 56 x 153 = $856 800 000

Not counting dividends


EDIT: The film is probably insinuating that the investment happened before the IPO though.
 
The assumption in that article that he invested when it went public instead of pre-IPO is basically the difference between him being a thousandaire and a multi-millionaire.
 
Zyae said:
I mean you made a super serious thread about a minor thing in Forrest Gump.
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It's a fun thing to think about. I can't imagine Lt. Dan investing their entire Bubba Gump fortune into a single equity though, so when he's at the bus stop in 1983(?) I just don't think they would have had enough from that investment to say they don't have to worry about money anymore.

Yes, I know it's a movie where everything else is made up.
 
Stinkles said:
RTTP: I never really understood why this pleasant, ambulatory movie became such a phenomenon. To me it's like Field of Dreams but with mental acuity taking the place of baseball. I don't understand why Field of Dreams was massive either. Outside of the fact that Americans LOVE a sports story where the supernatural, prison or an animal helps an otherwise shitty team win.
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Forrest Gump is a movie about baby boomer nostalgia for the Americana they grew up with with a sappy love story that hits the lowest of common denominators. imo it's no wonder it got as popular as it did.


Now, it getting Oscar treatment? That was bullshit and I like the movie.
 
phAZIUE.png
 
they should make a sequel where his stock tanks so he goes there to find out why he's got no money and accidentally makes the ipod and iphone.

you're welcome, Hollywood.
 
D4Danger said:
they should make a sequel where his stock tanks so he goes there to find out why he's got no money and accidentally makes the ipod and iphone.

you're welcome, Hollywood.
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He sees a guy with a USB and asks what it is, the guy says, "Oh, this has some songs on it," Forrest asks, "Can I listen to it?" and it goes from there.
 
Forrest Gump probably made a fortune out of his apple stocks if he wasn't scammed out of it first.

Stinkles said:
RTTP: I never really understood why this pleasant, ambulatory movie became such a phenomenon. To me it's like Field of Dreams but with mental acuity taking the place of baseball. I don't understand why Field of Dreams was massive either. Outside of the fact that Americans LOVE a sports story where the supernatural, prison or an animal helps an otherwise shitty team win.
Click to expand...

Because it came out at the right time, and hit at the right people, same with Field of Dreams. Personally it's one of my favorite films, but I'm trying to be as objective as possible regarding its success.

Jtwo said:
Ok. Did anyone ever notice that Bejamin Button is basically Forrest Gump?!
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You're like the 50th millionth to point this out, lol. Eric Roth worked on the screenplay for both.
 
Jtwo said:
Ok. Did anyone ever notice that Bejamin Button is basically Forrest Gump?!
Click to expand...

It's a case of self plagiarism actually, same writer.

In Benjamin Button it actually makes no sense at all. Just because you age in reverse doesn't mean you get to experience all the awesome stuff, live history-defining events, or meet important people. It was a cheap way of having a bunch of nice "pictures" in the movie, but none of that was actually relevant to the story. Felt like the writer confused aging in reverse with some immortality story.
 
Ether_Snake said:
It's a case of self plagiarism actually, same writer.

In Benjamin Button it actually makes no sense at all. Just because you age in reverse doesn't mean you get to experience all the awesome stuff, live history-defining events, or meet important people. It was a cheap way of having a bunch of nice "pictures" in the movie, but none of that was actually relevant to the story. Felt like the writer confused aging in reverse with some immortality story.
Click to expand...

That's not a thing
 
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