09-10-2016, 05:55 PM
The Bank of New York
This financial services company was founded in 1784 by Alexander Hamilton, a founding father of America. It was the first company to be publicly traded on the New York Stock Exchange. In 2007, the Bank of New York merged with Mellon Financial to become Bank of New York Mellon (NYSE:BK). Over the last 40 years, this company’s stock grew nearly 2000% in value, but like all financial institutions, it took a hard hit during the recession. In July 2000, the company’s stock reached its peak trading price, at just under $63.
http://amigobulls.com/articles/the-oldes...ng-on-nyse
Kongo Gumi
Although they have now ceased trading, no piece about historical firms would be complete without at least mentioning the Japanese temple builder Kongo Gumi. This business had been trading for 14 centuries and was, until 2006, the world's oldest continuously operating family business.
One of the secrets of Kongo Gumi's 1,428 year run was its flexibility. For example, when the temple building business suffered during World War II, the company responded and switched to building coffins.
Kongo Gumi's success also suggests that it's a good idea to operate in a stable industry. Few industries could be less volatile than Buddhist temple construction - where the belief system has survived for thousands of years and has many millions of followers.
Unfortunately, even these factors could not protect this historic firm from the downturn in Japan's economy. When the company's borrowings had ballooned to $343 million in 2006, the firm was acquired by Takamatsu, a large Japanese construction company, and Kongo Gumi was absorbed into a subsidiary.
Read more: 5 Of The World's Oldest Companies | Investopedia http://www.investopedia.com/financial-ed...z4JsQbJy6I
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This financial services company was founded in 1784 by Alexander Hamilton, a founding father of America. It was the first company to be publicly traded on the New York Stock Exchange. In 2007, the Bank of New York merged with Mellon Financial to become Bank of New York Mellon (NYSE:BK). Over the last 40 years, this company’s stock grew nearly 2000% in value, but like all financial institutions, it took a hard hit during the recession. In July 2000, the company’s stock reached its peak trading price, at just under $63.
http://amigobulls.com/articles/the-oldes...ng-on-nyse
Kongo Gumi
Although they have now ceased trading, no piece about historical firms would be complete without at least mentioning the Japanese temple builder Kongo Gumi. This business had been trading for 14 centuries and was, until 2006, the world's oldest continuously operating family business.
One of the secrets of Kongo Gumi's 1,428 year run was its flexibility. For example, when the temple building business suffered during World War II, the company responded and switched to building coffins.
Kongo Gumi's success also suggests that it's a good idea to operate in a stable industry. Few industries could be less volatile than Buddhist temple construction - where the belief system has survived for thousands of years and has many millions of followers.
Unfortunately, even these factors could not protect this historic firm from the downturn in Japan's economy. When the company's borrowings had ballooned to $343 million in 2006, the firm was acquired by Takamatsu, a large Japanese construction company, and Kongo Gumi was absorbed into a subsidiary.
Read more: 5 Of The World's Oldest Companies | Investopedia http://www.investopedia.com/financial-ed...z4JsQbJy6I
Follow us: Investopedia on Facebook
buy a single share: http://www.giveashare.com/