How do stocks work?

glatt · 08-19-2011, 09:15 AM

I was going through my father-in-laws papers as part of his move, and found (in a shoebox of old letters and photos) 3 certificates of stocks he bought in Pepco a couple decades ago. I think he has no idea he has these, since he made no mention of them when going over finances.

So the question is, if I want to convert these certificates into a check in his name how do I do that? I've never seen one of these certificates in person before. Each one shows the number of shares he bought, and what their price was on the date of purchase. Do I get him to sign the back, and then take them to Pepco, or do I find a stock broker to buy them? Just what do you do with these pieces of paper? Or is it even possible that he already sold these stocks long ago and these old pieces of paper were just left in a shoebox? Assuming a share back then is worth a share today, he's looking at about $5k at today's Pepco stock prices. That will pay for a month in the nursing home.

Flint · 08-19-2011, 04:11 PM

You put them on before you put on your shoes, although as I recall, Archie Bunker and Meat-head disagree on whether you complete each sock/shoe cycle separately before moving on to the other side, or conversely complete the set of sock installations before proceeding to the shoe phase of the project.

I'm glad you asked, because I don't know if this debate was ever adequately resolved.

Perry Winkle · 08-19-2011, 04:39 PM

http://www.ehow.com/how_4548089_rede...rtificate.html

infinite monkey · 08-19-2011, 07:10 PM

Quote:

Originally Posted by Flint

You put them on before you put on your shoes, although as I recall, Archie Bunker and Meat-head disagree on whether you complete each sock/shoe cycle separately before moving on to the other side, or conversely complete the set of sock installations before proceeding to the shoe phase of the project.

I'm glad you asked, because I don't know if this debate was ever adequately resolved.

Hahahaha!

I remember that 'debate' like I saw it yesterday. I actually agree with Archie. What?

glatt · 08-20-2011, 05:24 AM

Quote:

Originally Posted by infinite monkey

Hahahaha!

I remember that 'debate' like I saw it yesterday. I actually agree with Archie. What?

Well, Archie was right. You would look like a total imbecile if your house was on fire and you had to run outside with one foot bare and the other foot in a shoe because you got interrupted putting them on.

Spexxvet · 08-20-2011, 08:30 AM

Quote:

Originally Posted by monster

but I totally scored in the beer dept tonight -Kroger had 24oz cans for a buck a piece!

At the July 4th Yes/Styx concert they were $11.00 apiece!

Quote:

Originally Posted by glatt

Well, Archie was right. You would look like a total imbecile if your house was on fire and you had to run outside with one foot bare and the other foot in a shoe because you got interrupted putting them on.

No way. Sock/shoe, sock/shoe. You can't let your sock get dirty before it goes in the shoe. My socked foot absolutely does not touch the ground before it goes in the shoe.

Griff · 08-20-2011, 02:38 PM

Quote:

Originally Posted by Spexxvet

No way. Sock/shoe, sock/shoe. You can't let your sock get dirty before it goes in the shoe. My socked foot absolutely does not touch the ground before it goes in the shoe.

You are out of your ever-lovin mind sir.

tw · 08-20-2011, 12:48 PM

Quote:

Originally Posted by Flint

You put them on before you put on your shoes, although as I recall, Archie Bunker and Meat-head disagree ...

If in a shoe box, anyone knows to ask Al Bundy for flat footed advise.

It is a utility. Outstanding back dividends may be available. Ask PEPCO's investor services department for outstanding dividends, possible (unlikely) stock splits, and alternative options. They might even have a stock buyback plan. There should have been a dividend check four times annually.

It is a publically traded stock. Is traded through a stock broker. Consult a discount broker (Ameritrade, E-Trade, ScottTrade, etc) to setup an account. However the stock's value will probably have to exceed $500. You did not provide numbers or date. As a utility, current value may be less than it was a decade ago but more than it was in 2008.

monster · 08-19-2011, 04:44 PM

infinite monkey · 08-19-2011, 07:12 PM

glatt, you probably expected a better response...but I have no idea!

Don't you work with lawyers?

monster · 08-19-2011, 07:15 PM

I figured Perry had got the sensible aspect of it covered so we could move on...?

infinite monkey · 08-19-2011, 07:19 PM

I realized that after I posted. I left it for posterity.

It's Friday night. What do I know? Is there a penalty for semi-drunken posting? Crap!

monster · 08-19-2011, 07:26 PM

yeah, it's not OK for you to be ahead of me, I've only had one or two....

infinite monkey · 08-19-2011, 07:31 PM

Which is it? You cannot lose track at one or two.

I've had five or eight!

monster · 08-19-2011, 07:40 PM

well I have two sizes on the go..... and it depends when you read my post, right? Now cracking #3....

but I totally scored in the beer dept tonight -Kroger had 24oz cans for a buck a piece!

08-19-2011, 09:15 AM	#1
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	How do stocks work? I was going through my father-in-laws papers as part of his move, and found (in a shoebox of old letters and photos) 3 certificates of stocks he bought in Pepco a couple decades ago. I think he has no idea he has these, since he made no mention of them when going over finances. So the question is, if I want to convert these certificates into a check in his name how do I do that? I've never seen one of these certificates in person before. Each one shows the number of shares he bought, and what their price was on the date of purchase. Do I get him to sign the back, and then take them to Pepco, or do I find a stock broker to buy them? Just what do you do with these pieces of paper? Or is it even possible that he already sold these stocks long ago and these old pieces of paper were just left in a shoebox? Assuming a share back then is worth a share today, he's looking at about $5k at today's Pepco stock prices. That will pay for a month in the nursing home.

08-19-2011, 04:11 PM	#2
Flint Snowflake Join Date: Mar 2006 Location: Dystopia Posts: 13,136	You put them on before you put on your shoes, although as I recall, Archie Bunker and Meat-head disagree on whether you complete each sock/shoe cycle separately before moving on to the other side, or conversely complete the set of sock installations before proceeding to the shoe phase of the project. I'm glad you asked, because I don't know if this debate was ever adequately resolved. __________________ **************** There's a level of facility that everyone needs to accomplish, and from there it's a matter of deciding for yourself how important ultra-facility is to your expression. ... I found, like Joseph Campbell said, if you just follow whatever gives you a little joy or excitement or awe, then you're on the right track. . . . . . . . . . . . . . . . . . . . . . . . . . . Terry Bozzio**

08-19-2011, 04:44 PM	#9
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	__________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

08-19-2011, 07:15 PM	#11
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	I figured Perry had got the sensible aspect of it covered so we could move on...? __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

08-19-2011, 07:26 PM	#13
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	yeah, it's not OK for you to be ahead of me, I've only had one or two.... __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

08-19-2011, 04:39 PM	#3
Perry Winkle Esnohplad Semaj Ton Join Date: Feb 2005 Location: A little south of sanity Posts: 2,259	http://www.ehow.com/how_4548089_rede...rtificate.html

08-19-2011, 07:12 PM	#10
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	glatt, you probably expected a better response...but I have no idea! Don't you work with lawyers?

08-19-2011, 07:19 PM	#12
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	I realized that after I posted. I left it for posterity. It's Friday night. What do I know? Is there a penalty for semi-drunken posting? Crap!

08-19-2011, 07:31 PM	#14
infinite monkey Person who doesn't update the user title Join Date: Mar 2011 Posts: 13,002	Which is it? You cannot lose track at one or two. I've had five or eight!

08-19-2011, 07:40 PM	#15
monster I hear them call the tide Join Date: Dec 2005 Location: Perpetual Chaos Posts: 30,852	well I have two sizes on the go..... and it depends when you read my post, right? Now cracking #3.... but I totally scored in the beer dept tonight -Kroger had 24oz cans for a buck a piece! __________________ The most difficult thing is the decision to act, the rest is merely tenacity Amelia Earhart

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)