> the company doesn't receive any benefit from your purchase except at IPO
This is incorrect:
1. corporations often issue more stock and sell it in order to raise working capital
2. employee compensation often comes in the form of stock in one way or another
3. a rising stock price means a company needn't pay out dividends in order to satisfy investors
4. without a rising stock, a company will find it much, much harder to attract investors, employees, borrow money, attract customers, etc. Few want to get on board with a loser company.
This is incorrect:
1. corporations often issue more stock and sell it in order to raise working capital
2. employee compensation often comes in the form of stock in one way or another
3. a rising stock price means a company needn't pay out dividends in order to satisfy investors
4. without a rising stock, a company will find it much, much harder to attract investors, employees, borrow money, attract customers, etc. Few want to get on board with a loser company.