So check this shit out... Back in 2020, my "financial advisor put all my funds into "high-dividend" stocks... Yet while watching Cramer today, they said 3M hit all time highs. That seemed odd to me, because I know my 3M position... On Feb 13 2020, the price of 3M was NOWHERE near 150. It was ~$130 PER SHARE! Bastards. ' What do you guys see on your daily chart for MMM and intraday swings on Feb 13, 2020?
They spun the ear plug maker division off(SOLV). I wish I had something witty to say but seeing this post was funny enough! https://www.barrons.com/amp/articles/3m-spinoff-solventum-stock-5a7ab932
lol they filled him at a 20% premium on his odd lot. Karen is going to call WF on a 4yo fill. I love it. They are going to tell him to take his cash account to RH.
You are the dumbest fucker on here at this point, which is surprising, because I always thought you a smaert person. Thje only reason I saw this post is because when I viewedthis thread, you were the latest response. Poopy, TAKE ME THE FUCK OFF OF IGNORE, YOU CRAZY FUCK!
Teaching kids about spinoffs. “Anyone who has watched Better Call Saul or Frasier is familiar with the spinoff concept, in which characters from an existing series branch off in a new show with a different story line. It works sort of the same way in corporate America with stock spinoffs, when firms split off a part of their business into a new, publicly traded company, usually via a tax-free distribution of the stock to shareholders of the original firm. The idea: Capitalize on a sum-of-the parts strategy, in which an undervalued business unlocks value under a new, simplified structure. https://www.kiplinger.com/investing/how-stock-spinoffs-work
The reason Financial Advisors do that is because those big Divvy stocks usually don't fall as far in a Crash, and you still get the Divvies. It's a safer option.
On Feb 13, 2020, when the ask was like 136, my *advisor* placed a bid at 163ish. He got his higher-clients out at my expense, way beyond market price. This is illegal. I will be on a new journey now. Muthafuckas.