No. of Recommendations: 0
When I was "downsized" in 1993, I had the choice of stock or cash from an ESOP plan. I chose the cash and put it in an IRA at Vanguard, investing all of it in the Vanguard Index 500 fund. Since then, the stock I liquidated has lost about 70% of its value and the index fund has gained about 200%. My experience doesn't necessarily constitute advice, but I suspect that your dad needs more diversification than he can get holding the ESOP stock. Besides that, it just feels good to dump the stock of the company that dumped you.

Chips, betting that Efficient Market Theory is correct
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