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.
If you currently have more than 10% in CSC stock in your 401k portfolio they didn't make you reduce your holding. But you can no longer purchase new shares that bring your percentage over 10%. So if you are currently over 10% you can't purchase any more CSC stock in your portfolio.
How is it bad news? Also, you said earlier that it would be $40 AH Today.... You seem to be on the wrong side of this one. Not sure if I trust your advice. Anyone else?
The share price is climbing? But What happens when they split? Will it go higher? Will the price itself split and shareholders will end up with shares in both companies??