The shire global stock purchase program hahaha

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anonymous

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How dumb would you have to be? I'd dollar cost average into Apple all year before I put a dollar in shire no matter what the discount. We know the imbeciles that are steering this ship and its time to get out the lifeboats. Don't do it, don't prop this stock up. Let it sink.
 






The problem is they take payroll deductions for an entire year and hold them in a non-interest bearing account and wait an entire year to purchase the stock at a 15% discount. So you do make at least 15% immediately, but if you sell immediately you pay capital gains taxes at the highest rate. Shire stock is extremely voliatle so if you hold it it may go down significantly and you may need to hold a very long time just to break even. Plus with the recent news about UBS downgrading the stock due to employee dissatisfaction it could be even more risky.

Anyone here participated before? What do you think? Was it worth it?
 






anonymous said:
The problem is they take payroll deductions for an entire year and hold them in a non-interest bearing account and wait an entire year to purchase the stock at a 15% discount. So you do make at least 15% immediately, but if you sell immediately you pay capital gains taxes at the highest rate. Shire stock is extremely voliatle so if you hold it it may go down significantly and you may need to hold a very long time just to break even. Plus with the recent news about UBS downgrading the stock due to employee dissatisfaction it could be even more risky.

Anyone here participated before? What do you think? Was it worth it?
Click to expand...

Yes.
I totally regret my decision to participate.
No.
 






i have only participated in the program as the stock has plummeted. Don't do it, take the money you would have invested open an online account or just put it under your mattress, both will provide better returns versus investing in Shire.
 






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