he tanked the stock price last year, so participants of the H2 2018 DSPP can buy shares at $33, receiving a 35% premium over market price at the day theyre granted!
thanks paulie!
9 replies (most recent on top)
Same place PK puts his chips on: Venezuela, Iran, and Borat's Waziristan. :)
Where can I get one of them cd’s that pays out 35%? That sounds like a great deal.
This guy is right. Interest rate at 3% which dspp doesn't pay you. Means the discount is true only 4.5%. Formidable, dspp is only two of things: forcing you to save 10% of your salary which is good for the avg American who usually lives beyond his means and secondly one really only finances slb... It's correct. Just looking at the slb chart, just by pure luck it kicked back a gain for H2/18 and maybe H1/19.
If one invests 10% on one's salary and only beats a standard CD by 4.5%... It's not good. But hey, if it makes the other guy happy...
Hahaha, what a joke! Go buy your slb shares without dspp if you think it's such a winner. Point was that the dspp scheme itself means nothing. Keep drinking that blue-ade. Go buy wft. They had a 100% return in one month. Or go to Vegas put everything on blue, I mean black.
Just let me know which growing shares I should buy that would yield a 35% return over 6 months, and I'll buy you dinner.
If SLB could keep up this pace (obviously, they wouldnt), I'll happily "finance" them with more than 10% of my salary.
What certain competitors do is nice. But while we're working for this one, don't sh-- on the occasional parade. Or, in this case, a facetious positive scenario.
Minus the lost opportunity to buy actual growing shares and the fact that you're financing slb for nearly no interests each six months term. It's a meaningless scam. It used to be 15% btw and fyi, certain competitors match 1 dspp share 100%...
Uh...that's how dspp works. You get 7.5% discount off the lower price bookending the participating period. The lower price of the period was in summer 2018. Meaning the shares purchased with your contribution dollars are at 33$, while they are worth in todays market ca. 45$ each.
That is not how dspp works!
I am participating and not making money.
Finally, 5 years in I actually make money and don't have to panic sell from $110 to not lose money. The 2H 2019 buy in will be an instant $1500 gain. Finally I am engaged to excel!