I have one share of FD issued in 1983 when I was employed in one of their stores. I'm interestyed in selling this cert. without going thru a broker. I've never received any dividends or have any knowledge of stock splits. Anyone with info. please advise.
If you've got a single FD share issued in 1983 you probably need to call a broker to find out what it's worth (if anything). Reason being: I believe they re-issued ALL their stock when the came out of chapter 11 in the early 90's. I know for sure that they were NOT allowed to stay on active trading while they were in chapter 11 but I don't recall if that wiped out all the existing stock holders rights or not or if there was a procedure to get new stock issue. Here again a broker may be your best bet.
It won't take too long for everyone to figure out that the only way FD increases profit is by decreasing cost - like sales people.<<
Too true. Check out my posts from months ago. in the first 10 posts on the board, I said FD was topped out at 50. And heading down. Increasing profit by cutting costs is an experiment gone bad by many f500 companies. This is a classic case of a bunch of MBA's counting $ and performing accounting 101. Gee bobby, if we cut 5 sales people out here we can be in the black. It's short sighted management at it's best.
These clowns will never learn that it's a blend of marketing, operations and product that serves the best interests of the stock holder. Not 365 day accounting wonders. Nordstrom etal will always be profitable, because they understand how this is done. FD's days are numbered.
if i were you, i would hold your one share. It wouldn't do you any good if you got your cash for it. Instead, buy more! This is a great time to acquire stock in this very vital corporation. Abby Joseph Cohen ( she really knows what she's talking about ! ) has recommended this stock. When Abby Joseph Cohen talks,people listen------let a word to the wise be sufficient ! Let me repeat: Sell=Bad Buy=Good