Selling company stock
Ξ November 11th, 2007 | → 0 Comments | ∇ stocks, money |
Ugh, I’m not happy about this. I know that if prices go down, then you can buy low and sell high. But my step-father has some stock that he wants to sell. It was stock he received from a company he worked at years ago. It was from a profit sharing plan. The company used the money as a bonus so the employees had no out of pocket costs. Anything he gets from his sale will be pure profit.
However, right now his old company is going through some growing pains. I’m sure they could use some corporate performance management help to right their ship. I know my step-dad hopes they do something so their share price will go back up. He’s hoping to get enough money to buy a new car. I don’t even know what type of car he wants but I do know he wants to pay cash.
