I'm not even sure if this is the right place for these questions. I've tried all the FAQs I can think might have something to do with it and done a few searches, but in all honesty, I can't even think how to search for info relating to my question. :( So, here's the story: My retired parents hooked a long-time friend up with my cousin in a business deal, a few years back. The deal worked out and the company supposedly IPOed last week. As their finders' fee, the company awarded them some stock. My parents are children of the Depression and know nothing about investing. As their only child that has taken much of an interest in it, they asked me to help them decide what to do with this stock. They currently live on a pretty small retirement income. I personally don't trust the company's founder (their friend) and if it were my stock, I'd dump it as soon as I could and get it into a "better" investment. So far, my efforts to wring an investor's packet (so I can read it and hopefully explain it to my parents) out of the company's founder have been futile (he's not heard his last from me about it!) and I can't even find out which exchange it's being traded on! The only evidence I have that the stock offering exists is my father's stock certificate. My questions: How I put more pressure on the company's founder to give me a packet (this is required by law or something, isn't it?)? I doubt my father will go for the "dump the stock" answer no matter what the numbers end up saying. This is a personal friend, after all. How can I soften the blow? Perhaps try to convince him to sell part of it? ...? What is a "better" investment for them in their 70+ years (both in excellent health -- they've got living to do yet!)? Any help you all can offer will be appreciated. Even if that consists of a pointer to a more appropriate board. ;) Thanks tons!bunkera
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra