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It was the best of times, it was...

December 15th, 2010 at 04:24 am

... well... pretty much just the best of times. Smile At least it was today. One of those days that has "ugh" written all over it, and at the end it was a "wow, could anything else go right?" day. Well that was today. (If you read to the end, there is financial info - honest. Or just skip to the end if you like - it's labelled.)

I was supposed to telework today, but was asked to go in so I could attend a branch lunch. (I love teleworking) I wouldn't be able to workout at lunch due to this. Overnight the winds picked up, and by morning it was bitter cold outside. My body was miserable stiff getting up, as I had worked out last night, and was still feeling it. It was not a good start to the day. (I know what you're thinking: "Be happy you have a good paying job" - I am, honest)

The morning at the job was good, as I was having luck figuring out how to make the technology do what the users needed for their auditing reports. With that good feeling we went out to lunch, and I had a wonderful meal, quite relaxing. The afternoon was the same, good work was done. Since the day went well, I decided to workout at the gym after work. Then things started to pick up. First I saw a box I could use to send one of my ebay sales. It was an odd size and just what I needed. Next I was feeling better than usual while working out, and I see on the gym TV that my baseball team has amazingly signed the best pitcher available this off season. Super wow - but wait, it gets better.

(OK - financial part followsSmile

And then it kept going. Once I got home, I see a UPS envelope at the door. I have no idea what that could be. Also in the mail I get a letter from one of my DRIP investments. After I get in out of the cold, I open the DRIP letter. My quarterly dividend notification has arrived, and it has a 7% increase - super! OK, the day is going great - it can't get better, right?

Nope, the best comes last. I see the UPS letter is from my old employer. I never get anything from them via UPS - what in the world is this? Inside I find a letter from the company saying they want to buy back the stock from all the employees (it is a small employee owned company - no public stock). It doesn't explain why (I seriously wonder about this), but they paid for a third party to be an independent manager and come up with a "best price" for the employees. Now the company is going to pay us almost double what they had been saying the stock is worth. Unfortunately I didn't work there too long, but they had been saying my stock was worth $4,500 for a few years, and now they will pay me $9,000 for it. I used profit sharing money of about $3,000 to buy the stock about 8 years ago. A nice ROI.

OK, I didn't win the lottery, get an inheritance, or find the love of my life. But short of those things, I wish every day could be this good.

Posted in Finance | 10 Comments »

10 Responses to “It was the best of times, it was...”

  1. Petunia 100 Says:
    December 15th, 2010 at 05:08 am 1292389697
    1292389697

    Sounds like a great day, all right. Congrats.

  2. baselle Says:
    December 15th, 2010 at 05:19 am 1292390368
    1292390368

    Wouldn't look that 2x profit stock buyout gift horse in the mouth, especially if don't understand why its happening. That's the buyer's problem. Sell, sell, sell. Big Grin

  3. creditcardfree Says:
    December 15th, 2010 at 12:56 pm 1292417805
    1292417805

    Agreed. Sell. Sounds like a great day. I too wish they were all that way.

  4. Ima saver Says:
    December 15th, 2010 at 05:26 pm 1292433998
    1292433998

    Good for you!

  5. Single Guy Says:
    December 15th, 2010 at 10:17 pm 1292451469
    1292451469

    As for the stock buy back, my only plausable guess is they are planning to be bought out by a larger company, but to do it they need to remove all the outstanding stock first. As it technically was a retirement account, the funds from the sale will go into the 401k I still have with them. So no funds will get into my pockets right away, but still I'm not complaining.

  6. HouseHopeful Says:
    December 16th, 2010 at 02:13 am 1292465638
    1292465638

    Thats pretty awesome! Congrats Smile

  7. baselle Says:
    December 16th, 2010 at 04:09 am 1292472587
    1292472587

    Interesting - from what I gather, you don't work where that 401K is. Are you thinking about moving the money to a place with, I presume, lower fees and more control?

  8. Single Guy Says:
    December 16th, 2010 at 05:07 am 1292476042
    1292476042

    That's right, I haven't worked there since 2002. I have rolled over smaller 401k accounts to my current employer (or the one I rolled into a Roth IRA this month), but this one I have left alone. (It was an issue of inertia and spreading out my bets for more safety.) I don't have a good handle on if this 401k has better fees or performance versus where I am now. That said, the current employer is supposed to be having a major change this coming year with a new plan administrator and even lower fees. Unfortunately they've been saying this for a year, and still no final word on what will actually happen. But if it does happen, and I like what they have, I may roll this one over as well. At that point everything will be merged into one mega account.

  9. FrugalTexan75 Says:
    December 17th, 2010 at 02:54 am 1292554465
    1292554465

    It does sound like quite a good day!

  10. baselle Says:
    December 17th, 2010 at 05:36 am 1292564189
    1292564189

    Check out
    Text is Brightscope and Link is http://www.brightscope.com/
    Brightscope - good for a bit 401K gossip!

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