General Discussion

madville

(7,858 posts)

14. They sell the stock to their employees

Wed Feb 25, 2015, 08:07 PM

Feb 2015

From time to time they have to purchase shares in order to have some on hand to "sell" to their employees at a 15% discount, there isn't an unlimited supply. My uncle has a bunch of HD stock and gets a nice dividend from them, it's part of his retirement income.

I had a similar setup with the government called TSP, Thrift Savings Plan. I'd buy bonds or shares of the government while I worked there and they match my purchase, up to 5% of my income. At retirement you convert that into an interest earning annuity and it pays out a monthly "income". Mine's about $1,500 a month and should last 30 years at current rates.

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Highlight:

Home Depot just stuck it to every worker (like the rest of the BIG companies do) [View all] Omaha Steve Feb 2015 OP

, blkmusclmachine Feb 2015 #1

yet another reason not to give them my custom. niyad Feb 2015 #2

So corporations that pay dividends on their stocks are now considered evil? Nye Bevan Feb 2015 #3

Not just the dividend Omaha Steve Feb 2015 #4

Home Depot has an employee stock purchase plan... DreamGypsy Feb 2015 #6

15% discount. I just checked. Yo_Mama Feb 2015 #10

How much stock can the average store worker buy on what they make? Omaha Steve Feb 2015 #12

Unfortunately Steve, you have this wrong. A HERETIC I AM Feb 2015 #7

Profits Without Prosperity Omaha Steve Feb 2015 #8

What possible reason is there for buying back stock if not to push up the stock price? stillwaiting Feb 2015 #9

They sell the stock to their employees madville Feb 2015 #14

I've been on the road driving from LA back to JAX.... A HERETIC I AM Feb 2015 #19

The whole point of a buyback is to push the share price up. DanTex Feb 2015 #16

And if 50% of the shares are owned by the big wigs TexasBushwhacker Jul 2015 #20

I guess I helped with my new 25 thousand kitchen yeoman6987 Feb 2015 #5

The employees can't be harmed if the value of the company goes up treestar Feb 2015 #11

+100 n/t SickOfTheOnePct Feb 2015 #13

Fourth-quarter profit of $1.38 billion didn't get them a raise Omaha Steve Feb 2015 #15

We don't know for sure yet treestar Feb 2015 #17

Not all big companies do that. Glassunion Feb 2015 #18