The stock market

wader said:
I worked for them for 42 years......

They went public - offered employees free stock (I think is was 5 shares for every year you worked there) then allowed us to buy into the IPO before it was offered to the markets. For years I kept hearing rumors to the effect that Wall Street was waiting for EL to go public - when it did it went off with a bang.

I kept buying through the Employee Stock Program ($100 each paycheck went toward a stock purchase). They awarded management Stock Grants & Options.

With the Grants you had two options.

Cash it out for $
Convert it to stock - which I did. This was a great opportunity. They might issue you a grant for 200 shares @ let's say $50 a share with a month to decide what you wanted to do, During that month period the stock price may have gone to let's say $57 a share. I take the convert to stock option & get 200 shares that where currently trading at $57 a share for $50 a share.

It's always been a win situation with this stock. I have no doubts that it will climb out of the basement it seems to have found itself in.

Another thing to note: when I worked there - rumors abounded that P&G was interested in buying the company. During the last 5 years or so that I worked there - more & more high (really high) level management positions were being taken over by "allegedly ex P&G management". The Lauders themselves mostly moved into "Figurehead" positions leaving the actual running of the company to the P&G expats.

The business model began to resemble what I understood to be the P&G model. I had a fair amount of interaction with P&G management at various "Trade Functions". They kind confirmed this (with a smirk of course).

So................

I do expect at some time in the future that P&G will buy or attempt a takeover of the company. Another reason to hold onto the stock.
Click to expand...
Thanks for sharing Wader that’s an awesome story.
 
Benny you are a young guy...put your money in a low cost vanguard s+p index fund...regular contributions will dollar cost avg you...you will be buying when the market is at different levels....don't try to pick stocks unless it's insider stuff like wader...and even then it's risky
 
movetheboat said:
Benny you are a young guy...put your money in a low cost vanguard s+p index fund...regular contributions will dollar cost avg you...you will be buying when the market is at different levels....don't try to pick stocks unless it's insider stuff like wader...and even then it's risky
Click to expand...
Thanks for the advice Gene
 
My track record in the stock market is not too good. :mad:

HOWEVER, a while back I did buy a little over 500 shares of CELG. :) Bristol Myers announced last week they are buying Celgene for an estimated 87 Billion I think. Doing much, much better since that announcement. :)
 
MakoMatt said:
My track record in the stock market is not too good. :mad:

HOWEVER, a while back I did buy a little over 500 shares of CELG. :) Bristol Myers announced last week they are buying Celgene for an estimated 87 Billion I think. Doing much, much better since that announcement. :)
Click to expand...

Just FYI my Daughter works for Celgene.
 
MakoMatt said:
Hi Mike, Celgene is a good company doing great things!
Click to expand...
Yeah, My daughter has been very happy working there for the last two years or so. Unquestionably she'll make out very well on her stock options when the takeover happens but she is understandably worried about what it might mean for her career wise. She tells me the jackals already have their noses under the tent flap, lookin to lure away talent that might be a tad nervous.
 
The company I work for was acquired by Becton Dickinson about 6 months ago. There were a lot of folks worried, but BD is now making some hefty investments in our R&D so we know they’re in it for the long haul with our division. Hopefully it all works out for your daughter Mike.
 
BennyV said:
The company I work for was acquired by Becton Dickinson about 6 months ago. There were a lot of folks worried, but BD is now making some hefty investments in our R&D so we know they’re in it for the long haul with our division. Hopefully it all works out for your daughter Mike.
Click to expand...

I hope so.I've only ever been on the aquirer's side of those transactions and I've seen it go both ways for the target company's employees. Some made out very well and some got screwed. My daughter's boss, the CIO, seems to be trying to move her into a position that will be the strongest for her when the acquisition takes place. I'll keep my fingers crossed for her.
 
BennyV said:
The company I work for was acquired by Becton Dickinson about 6 months ago. There were a lot of folks worried, but BD is now making some hefty investments in our R&D so we know they’re in it for the long haul with our division. Hopefully it all works out for your daughter Mike.
Click to expand...

BD Benny? I used to work for the "Big A" in Diagnostics. What's your gig??
 
worked there for 42 years before retiring in 2012....................

Bought when it IPO'd @ $26 a share - it's split 2 for 1 three times since then. Continued to buy in under an Employee Stock Purchase Program. They also offered Grants & Options.

Funded my daughter's college with it - ex got a boatload in the divorce - luckily I've still got a fair amount tucked away for a rainy day.

It was up $20+ a share at one point today.
(y)(y)
 
in my opinion...we are topping again and in for some real nasty down this year...if this was a counter rally...it should be running outta gas around here.......6 weeks in a row DOW up
 
The Estée Lauder Companies Inc. (EL)
NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist

152.51+2.26 (+1.50%)
As of 12:38 PM EST. Market open.

keep going - let's buck the odds & set another 52 week high
(y)
 
wader said:
The Estée Lauder Companies Inc. (EL)
NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist

152.51+2.26 (+1.50%)
As of 12:38 PM EST. Market open.

keep going - let's buck the odds & set another 52 week high
(y)
Click to expand...

Just this afternoon I liked them on LinkedIn
 
📱 Fish Smarter with the NYAngler App!
Launch Now

Members online

Total: 533 (members: 12, guests: 521)

Fishing Reports

Latest posts

Latest articles

Back
Top