Rich Foods, a local Richmond Virginia grocery co-op that went public at $20, dropped below $1 per share but became a hundred-bagger because Gayner understood the business, visited the company, and recognized new management's potential to turn it around.
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Tom GaynerEvidence Quote
“There was a company here in Richmond, Virginia called Rich Food, which was a grocery co-op that converted and went public. And it was one of those stocks that started out at 20 and went down to less than a dollar. But I knew the business and visited the company and they had new management would come in. So I bought some of that and that ended up being a hundred bagger.”
Created: 8/12/2026, 10:19:48 PM
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