Skywest ESPP

[Roger Dat]

how long does it typically take them to deposit your shares.....I'm losing money here....

 

[COOPERVANE]

Me too

 

[Scapegoat]

10 days on average.

 

[aircombat]

this just shows how useless the new plan is!

 

[McNugent]

You read my mind, I just got online to post the same question. I've lost $400 in the last 2 days:crying:

 

[AMCKLC]

It has never taken 10 days before.

 

[COOPERVANE]

You read my mind, I just got online to post the same question. I've lost $400 in the last 2 days:crying:

How do you know this? Where can I find the purchase price? how many shares do I own?

NOTHING listed on the Merrill lynch website

 

[sweptback]

How do you know this? Where can I find the purchase price? how many shares do I own?

NOTHING listed on the Merrill lynch website

Every time so far they've posted it on OurASA.

Also, every time so far it's posted 2-3 business days after the closing, which is usually the first business day before the period ends. It's never taken this long before.

 

[COOPERVANE]

Well, the stock closed around $11.75 on July 1st and $18 on Dec 31st, so are we talking about 15% off 11.75?

Just spoke to some useless person at computershare, she said they would deposit the money as soon as Skywest sends them the withheld funds after they make the purchase. Thay have not sent them yet.

Are there any restrictions to them waiting until their stock is at a lower level so no one would sell their shares but hold them?

 

[sweptback]

The closing price is $10.75/share after the discount.

 

[McNugent]

Well, the stock closed around $11.75 on July 1st and $18 on Dec 31st, so are we talking about 15% off 11.75?

http://finance.yahoo.com/echarts?s=...pe=line;crosshair=on;ohlcvalues=0;logscale=on

$12.42 on July 1st - 15% = $10.75/share purchase price.

It was at 19.05 opening Monday morning, it's sitting at 18.17 now and falling

How do you know this? Where can I find the purchase price? how many shares do I own?

NOTHING listed on the Merrill lynch website

You can go under "My Records" where you see your pay stub. It'll show how much has been deducted for ESPP and from there it's just simple math.

 

[Full of LUV]

Investment.....

http://finance.yahoo.com/echarts?s=...pe=line;crosshair=on;ohlcvalues=0;logscale=on

$12.42 on July 1st - 15% = $10.75/share purchase price.

It was at 19.05 opening Monday morning, it's sitting at 18.17 now and falling




You can go under "My Records" where you see your pay stub. It'll show how much has been deducted for ESPP and from there it's just simple math.

Isn't this supposed to be an investment program, not a get rich quick scheme. No wonder they pared back the offering as y'all are just looking to cash in the premium on day one.....

 

[sweptback]

Isn't this supposed to be an investment program, not a get rich quick scheme. No wonder they pared back the offering as y'all are just looking to cash in the premium on day one.....

The company itself recommends it as a short-term investment.

And they pared back the program due to restrictive new tax laws, not because people were abusing it.

 

[DenverCrashpad]

Historically, there's been a drop for 10-15 days after the stock purchase is awarded. Usually if you wait, it gets you a little better of a price. Oil is on the way up (even though SkyWest doesn't pay for it), and who know's what's going on with the economy!

 

[McNugent]

Isn't this supposed to be an investment program, not a get rich quick scheme. No wonder they pared back the offering as y'all are just looking to cash in the premium on day one.....

Anyone looking to keep their long term investments in airline stock needs their head examined.:nuts:

 

[AV8700]

I called them today about this. The money is to start transfering tomorrow. This is the third (and last) time I have participated and I don't remember it ever taking this long.

 

[PBRstreetgang]

Come-on,
There are the faithful who bought the stock to drive ESPP price up, have to get their profits first. After they sell their higher priced stock you will get yours and be able to get a little profit. Happens every 6 months.
PBR

 

[AV8700]

The closing price is $10.75/share after the discount.

$10.56 and its going through now.

 

[Nightrain_080]

Isn't this supposed to be an investment program, not a get rich quick scheme. No wonder they pared back the offering as y'all are just looking to cash in the premium on day one.....

That's the least we could do. Get real. Maybe It will hit $30 and maybe it won't. If your still thinking airline stocks are an investment then I feel bad for you.