Ain't it grand that Windstream put their matching contributions in their own stock? That way all of their employees can lose their retirement at the same time they lose their jobs!
I sold my stock earlier this year but I still ate a +$10k loss. I agree, sell ASAP! I was there to let it ride but it's worth saving whatever you can.
Yes
Yeah I usually do it first day it lets me and it’s still lost several hundred.
It is fairly common for it to be in company stock. The very first day possible most reasonable people will sell that stock for something else. Others will eat a 10k loss and complain later.
Isn’t it common practice to throw it in stock? Not common for it to lose like it does obviously.
I lost thousands from the company “match” of their own stock that was worth less the second it landed in my 401k. I could never offload it fast enough. I feel terrible for anyone who didn’t think to or wasn’t informed properly on this really awful practice. What the other poster was right, you lose your job and your retirement at the same time from shady crap like that
Tony’s salary should be paid by company stock. No more vacations for you pal