Berko: Kick soccer investment to the curb  Stocks columnist
Malcolm Berko says investing in the British football club
Manchester United won't be very profitable in the end. Modified:
September 7, 2012 at 9:58 pm • Published: September 9, 2012
DEAR MR. BERKO: I placed an order to buy 2,000 shares of
Manchester United when it came public at $14. My broker and I
had thought it would be very difficult to get because the demand
was so strong. A day before it came public, my broker told me
that he could get 2,000 shares but became concerned because it
was too easily available and suggested I reduce my order to 500.
I hoped to buy the stock and then flip it at a higher price and
make a good short-term profit. Are there any big sports teams
that went public and trade at a price higher than their offering
price? Manchester is trading at $14.25, and I'd like your
opinion about whether you think this would be a good long-term
investment — whether I should add to my 500 shares or keep what
I have.  HE, Wilmington, N.C.