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Employee Stock Purchase Program
Posted on 8/9/16 at 6:39 am
Posted on 8/9/16 at 6:39 am
I work at an oil field company, that has been discussed here, whose books look not so good due to debt load. They have offered a ESPP with a 10% discount. Stock is down huge over last 2 years. Is it worth the 10% discount?
I am almost seeing this as the free match in the 401k with a tad more overall risk involved.
I am almost seeing this as the free match in the 401k with a tad more overall risk involved.
7
Posted on 8/9/16 at 6:48 am to Spec1
What's the restriction on selling after you purchase?
Posted on 8/9/16 at 8:33 am to Spec1
If you think your company is going under, don't do it. However, I work for a large cap company who offers a deal like this: buy $6000 per year, we give you another $900. There are not many investments where you make an immediate 15%.
Posted on 8/9/16 at 9:14 am to Spec1
I am not sure I would in your situation.
Our company is strong and they offer to us at a 15% discount. They give you your share the first week of the new year and take 15% off the lowest price of the previous year of either first trading day or last trading day of said year.
Our company is strong and they offer to us at a 15% discount. They give you your share the first week of the new year and take 15% off the lowest price of the previous year of either first trading day or last trading day of said year.
Posted on 8/9/16 at 9:47 am to Spec1
weatherford eh?
Posted on 8/9/16 at 11:18 am to Spec1
my experience with ESPP is they are a great concept but you can't make that instant 10% like you think you can. The stock often takes days after the purchase to hit your account, and then taxes.
if you buy and hold, then maybe its a good deal. Maybe not.
if you buy and hold, then maybe its a good deal. Maybe not.
Posted on 8/9/16 at 11:47 am to Spec1
Just because it's a 10% discount doesn't mean it's a good buy for the long term. Even at a 10% discount that stock could still be overpriced (unlikely but possible). I'd only buy if I felt it was a really good value. If it's just a good or decent value, I don't think it's worth it since you're already exposed to the downside as someone already mentioned.
Posted on 9/2/16 at 6:23 am to Spec1
We get a similar offer. 15% discount and you give money out of each check for a 6 month period. Purchase stock at the price of the stock on the first or last day of the 6 month period, whichever is lower. For a while, I was making an immediate 30%+. I still have yet to lose money. It's a hard deal to pass up. I max it out.
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