And yet not everyone who is a current shareholder in AM bought at IPO. In fact I would guess that the majority of shares held today are not held by the same person who bought them at IPO. Nor does it even matter if they were. The fact that a company was successful in the past says nothing about its future success. Many companies have delivered spectacular profits, only to decline later. The relevant question for those individuals who hold shares today, or those considering buying or selling shares, is not what profits AM delivered in the past, but what profits it will deliver in the future.