I really don't want to bring it to a broker, it's only 17 shares. I would like to find out what it's worth.
Just found a stock certificate from 1995 what to do now?
- Thread starter MustISO
- Start date
GMIS was involded in a takeover by HBO & Company (HBOC).
If you would have been on your toes, you would have made a little cash. You get .42 shares of HBOC per share of GMIS. HBOC I think went belly up if I remember right.
<EDIT>
HBO & Company sold to McKesson and Company. MCK is the stock symbol. 31.48 per share right now. I don't know if they traded or sold.
Your stocks are either worth 0.42 per dollar of 31.48 each, or are absolutely worthless. Go to a stock broker.
If you would have been on your toes, you would have made a little cash. You get .42 shares of HBOC per share of GMIS. HBOC I think went belly up if I remember right.
<EDIT>
HBO & Company sold to McKesson and Company. MCK is the stock symbol. 31.48 per share right now. I don't know if they traded or sold.
Your stocks are either worth 0.42 per dollar of 31.48 each, or are absolutely worthless. Go to a stock broker.
donate it to a charity. that way you don't have to sell the shares and pay capital gains, but you still get a tax write off. most charities will accept stock certificates. (this, of course is dependent on how much the stock is worth)
Screw that. If you wanna donate, donate some cash. Don't donate stuff like this.... ever. That is retarded to do, unless you don't care about your money.
The tax break he would get would not be worth it, and if the shares jumped up to $200 per share overnight, that would be grounds to blow your brains out.
Don't EVER get financial advice from people in forums. Go to a stock broker and a reputable financial advisor face to face.
like i said, it depends on what the shares are worth. for arguements sake if they're worth $100 and you plan on donating say $100 to a church or charity anyway, i would much rather donate these newfound certificates and claim $100 dollars on my taxes than paying broker fees on them so i can sell them later and have to pay capital gains on them and donating $100 cash to the charity. this is assuming that the share price does not go up.
i would also blow my brains out if this $100 is now worth $20 because the share price dropped. shares do not always go up in value.
i would also blow my brains out if this $100 is now worth $20 because the share price dropped. shares do not always go up in value.
what are you talking about? You realize when you donate something, you get a tax break for what it is worth (or more in some cases), right? And why is the tax break not worth it? You would save 35% (or whatever his marginal rate is) of the value donated... same as if he sold the shares for what they are worth and donated the cash.
he would only pay like 15% in capital gains and the tax break is not better then getting the cash, espcially not in the amounts hes dealing with
obviously the tax break from donating is not as much as the value of what you donate.. it wouldn't be called "donating" if it wasn't like this.. but there is no difference between donating the stocks vs. donating their cash equivalent (except for the fact, like you mentioned, that you would have to pay the cap. gains tax if you were to sell the stock... i don't know if you would have to account for this when donating).
I figured out what you own through about a half hour of research.
1. GMIS was acquired by HBO & Company in 1996.
-Each GMIS share was given .42 shares of HBO and company at that time.
Multiply 17 times .42 you get Seven Shares and Change. (Round down to seven shares).
2. HBO & Company was acquired by McKesson Corp in 1999.
-Each HBO share was given precisely one share of McKesson corp in 1999.
3. McKesson has paid dividends so you would be owed a small amount of cash.
4. McKesson is currently valuated at 31.48 dollars a share.
-Multiply 7 times 31.48 and you have a stock worth of . . . 220.36 plus dividends that you are owed (approximately 10 or less dollars).
There you go!
1. GMIS was acquired by HBO & Company in 1996.
-Each GMIS share was given .42 shares of HBO and company at that time.
Multiply 17 times .42 you get Seven Shares and Change. (Round down to seven shares).
2. HBO & Company was acquired by McKesson Corp in 1999.
-Each HBO share was given precisely one share of McKesson corp in 1999.
3. McKesson has paid dividends so you would be owed a small amount of cash.
4. McKesson is currently valuated at 31.48 dollars a share.
-Multiply 7 times 31.48 and you have a stock worth of . . . 220.36 plus dividends that you are owed (approximately 10 or less dollars).
There you go!
One more thing.
The sad part is that the shares of GMIS at the time of the announcement of the merger were worth about 400 dollars (in 1996). Pre-meger the shares were 18 bucks (worth about 300 total). In other words the shares were probably worth more in 1995 than they are today.
Damn companies!
The sad part is that the shares of GMIS at the time of the announcement of the merger were worth about 400 dollars (in 1996). Pre-meger the shares were 18 bucks (worth about 300 total). In other words the shares were probably worth more in 1995 than they are today.
Damn companies!
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