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General question about what y'all would do regarding stock I have?
Posted on 1/17/17 at 7:19 pm
Posted on 1/17/17 at 7:19 pm
I bought a stock called RAI (Reynold's American) a few years ago. I'm using TD Ameritrade and it's in a taxable account, non-retirement. It has done well and split a year or so ago and climbed back up. Another company called BTI is about to buy it out and stock shot up today.
I initially planned on selling at $60, it's above $58 now. But with news of buyout, would it be wiser to keep holding it? I've never owned a stock that was being bought out. What usually happens with that? I understand y'all may want all my financial issues and all
but this was mostly extra money I had to buy a stock and hold a few years. My problem is I had been wanting to sell at $60, but now not sure if I should keep holding.
I mean, main question again is what is most likely scenario in that situation? I understand I can keep holding and nobody truly knows what to expect of course. Thought maybe someone familiar with that stock might have a "guess" on future of it.
TIA
I initially planned on selling at $60, it's above $58 now. But with news of buyout, would it be wiser to keep holding it? I've never owned a stock that was being bought out. What usually happens with that? I understand y'all may want all my financial issues and all
but this was mostly extra money I had to buy a stock and hold a few years. My problem is I had been wanting to sell at $60, but now not sure if I should keep holding. I mean, main question again is what is most likely scenario in that situation? I understand I can keep holding and nobody truly knows what to expect of course. Thought maybe someone familiar with that stock might have a "guess" on future of it.
TIA
4
Posted on 1/18/17 at 6:04 am to windshieldman
I'd sell it on news of the buyout
Posted on 1/18/17 at 7:35 am to windshieldman
Hold RAI. I just bought some. Good stock with good dividends. Stock will continue to rise
Posted on 1/18/17 at 8:40 am to windshieldman
BTI will pay $59.64 for each share it doesn't already own. If you hold until the deal is completed, that is about a 2.8% return plus any dividends at the current price. Unless the deal falls apart, that is a guaranteed return, but you will have to wait an unknown number of months.
You'll have to decide for yourself whether to wait for the $59.64 a share or to take your capital off the table and put it to use elsewhere. We can't decide what's best for you without knowing your risk profile/tolerance.
You'll have to decide for yourself whether to wait for the $59.64 a share or to take your capital off the table and put it to use elsewhere. We can't decide what's best for you without knowing your risk profile/tolerance.
Posted on 1/18/17 at 9:32 am to Omada
If it was me I might hedge it. Sell half now hold the rest.
Again no idea how many shares you have or your financial situation, so tough to give sound advice.
Again no idea how many shares you have or your financial situation, so tough to give sound advice.
Posted on 1/18/17 at 11:59 am to windshieldman
Thanks for all the replies
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