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Bob Evans Farms, Inc. Message Board

  • In a cost savings move, I assume, BOBE has switched over to Amstock to administer their DRIP. What used to be a good deal for the small investor such as myself is no longer.
    Starting August 1st, you will be charged $2.50/optional investment. If you invest $1000/month I guess it's not that big a deal. But if you were investing $100/month that's 2.5% right off the top. No thanks. See ya Bob!

    pete

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    • >>>>> Starting August 1st, you will be charged $2.50/optional investment. If you invest $1000/month I guess it's not that big a deal. But if you were investing $100/month that's 2.5% right off the top. No thanks. See ya Bob!

      or you could go through a discount broker who would charge, say, $20 for the same trade which would be

      ...uh...hold on a minute...ummm..mumble, mumble...carry the one....mumble...20%!

    • I agree! Discourages participation...

    • yes, I have to agree with you. My wife and I have BOBE Drips since 1997... Good bye BOBE.
      Please tell the newly grad. MBA that came out with the idea of stop funding the DRIPs as cost saving ....
      Not only we stop participating your DRIP, we will boycott your restaurant and Sausages at the grocery store.....
      DOn't forget to give the young MBA a big bonus at year end for saving a few bucks!!!!

    • I agree that outsourcing the DRIP harms the small investor as I was a participant, too.
      I'm now transfering (but not selling) my shares from new manager American Stock Transfer & Trust to my brokerage account.
      Unfortunately, DRIP outsourcing is getting to be common among big corps interested in cutting overhead.
      Worse: American Stock's customer service stinks. They really gear you to do everything online by making it impossible for you to talk to a human being -- all while they're nickel-and dimeing you for the privledge. No thanks.

 
BOBE
46.20-0.61(-1.30%)Jul 28 4:00 PMEDT

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