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Finally! Holding onto my WBD spinoff is paying off.

DrVenture
in Other Investing
Holding this stock since a spinoff from some ATT that I have owned, as compensation, since the late 1970s. M* has a FMV of $20 on it, and the position was not exactly huge, so I held on, despite the irritation of watching it flounder. With a 1-yr return of 142%, I feel so much better.

the ATT stock came from employment with Illinois Bell Telephone after high school, working for money to fund college. It become Ameritech, and then SBC, then ATT again. It spun off NCR, Agere, Lucent, Avaya and the other RBOCs. I never sold the original issuance. Approximately $600 of stock at issuance, is now worth $45,000 in T, plus the WBD and other spinoffs, that I previously sold. Including the WBD, it is now valued at over $50K.

What a ride!

Comments

  • WABACWABAC
    Fun story. Thanks for telling it.
  • DrVenture
    edited September 12
    Thanks. If I ever sell, figuring out tax basis is going to be a complete WAG, with all the spinoffs and dividend reinvestment.

    Mr Peabody was my favorite cartoon in childhood! Along with Clutch Cargo and Johnny Quest.
  • WABACWABAC
    I'm not as smart as Mr. Peabody. I think I might be doing better than Sherman.
  • DrVenture
    You and me both!
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