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And the British government is not likely to sell its 41 percent stake until the share price appreciates.
It does make sense to sell, however, if the stock price appreciates well above its value (see Step 3 of this Section), or if the fundamentals have drastically changed since you bought the stock so that the company is unlikely to be profitable anymore.
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Partly as a result, Morgan Stanley's share price appreciated more than any other big American financial firm in 2014.
When the price appreciated, he sold it in 2011 for a $50,000 profit, bought a 120-acre plot in a different part of the state and rented out half to a local farmer.
And Mr. Mozilo, noting that "our stock price appreciated over 23,000percentt" from 1982 to 2007, said he received performance-based bonuses approved by shareholders and exercised options as he prepared for retirement.
Darren Shirley, analyst at Shore Capital, added: "Greggs is a strong operator in the fast-growing UK 'food to go' market, and we expect a further year of growth in 2016, however a very strong 2015 when the stock price appreciated over 70% we expect a more sedate stock price performance in 2016".
Admittedly, at the bottom, Priceline was virtually a worthless security, so the fact that its stock price appreciated 100-fold should be taken for what it's worth.
While seeing your share price appreciate on your IPO day is always welcome, Baozun had to work harder to get its pop than Shopify.
Over all, housing prices appreciated 7.5 to 10 percent from 2000 to 2008, he said.
Home prices appreciated, steadily but at modest rates, and lending fiascoes were rare.
And blue-chip stock prices appreciated at a relatively modest rate in succeeding years: 4.6 percent, annualized, from 1945 to 1953.
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