Exactly you buy the COMPANY not the stock (yes I mean you physically own the stock but I am talking why). You don't own a piece of paper that is worthless you own a share of a company that generates profits. That is why despite Ford (F) stock not going up for the last 2 years I have not given up on them! 6 PE and 5.5% yield while they automate their plants sounds like a good deal to me!
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