I wish I could still bounce my money around in my 401k...I would have gotten out a couple of weeks ago...and gotten back in today...here we go back up to 67 again... CSC train...wooo woooo. Then? You guessed it HP is gonna sweep in a buy one of the two new companies after the split in Oct.
Hahaha... The stock price was only what, like 50 cents away from hitting $70 a few days ago...and there is NO way it will ever touch $70 again?? Hahah. Ok.
You know it will. And for some weird reason that seems to make you mad.
Making money for everyone...including shareholders!
What's he up to?? Does anyone know how it works when you are an executive and you get shares in the company from the company? Are they held in a 401k? I would imagine not. So where are they?
CSC now won't let you redistrubute ANY of your 401k holdings without jacking you down to no more than 10% of CSC stock in your portfolio. So if I want to cash in with my dividends I have to wait it out and not touch my percentage.... hmmmm. (Nice timing there with your forced diversification CSC) So where are all of Lawrie's holdings? In a truly personal account or some corporate non 401k account?
One will be a board member and the other will be an actual employee of the company.
I have a sneaky suspicion that he'll only end up in one or none...since once the company splits, one or both companies will be up for quick sale....
But honestly...I don't really know whats going on.
The word from inside the company is that pretty much nothing changes and if it does...they are working out the details. Ha!
But Lawrie, this $10.50 dividend will benefit him nicely...considering he will make almost a million from it.