Home Page link  

What does a 40 year old AT&T share become??

  
Groups | Search | About
User Password
Register Now! Lost Password?

Quicken Personal Finance Discussions - Quicken - personal finance software discussions

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
What does a 40 year old AT&T share become?? Hank Arnold 01-05-2007
Posted by Oilcan on January 7, 2007, 3:09 pm
Please log in for more thread options
 Most states should allow you to collect unclaimed funds without a fee.
Fill out the forms and send the documentation.......
Hank Arnold wrote:
> Good point... Thanks...
>
> Regards,
> Hank Arnold
>
> Jim - NN7K wrote:
> > P.S. In this regard, you need to also check your (and your Aunt's) home
> > state ESCHEAT Depts. , as
> > they may have captured those funds "in your (or her) name(s). Most
> > states have these (if not all)
> > and are there to "Protect" you (read that - steal
> > those UNCLAIMED funds)! Found one from 40 years
> > ago, in New York for $200.00-- and then cost me
> > $50 to recover that money! such a deal! Try
> > a google search for unclaimed funds in your state,
> > as well as hers! Jim
> >
> > Hank Arnold wrote:
> >> Excellent input, RC.... Thanks for taking the time. The certificate is
> >> in my name (Care of my aunt) with my aunt's address. Since she's been
> >> dead fro almost 7 years and hadn't lived at that address fro over 25
> >> years, I haven't a clue what happened to all the dividends....
> >
> >>>
> >>> RC


Posted by Hank Arnold on January 8, 2007, 4:24 am
Please log in for more thread options
 I found an asset on the Mass web site. It was "Henry F. Arnold" in Hyde
Park, Mass. The address my aunt used was her address in Reading, Mass. I
submitted a claim anyway, just in case, but mostly because my great
grandfather, grandfather and uncle had that name (I'm "Frederick" and
they were "Freeman").....

Regards,
Hank Arnold

Oilcan wrote:
> Most states should allow you to collect unclaimed funds without a fee.
> Fill out the forms and send the documentation.......
> Hank Arnold wrote:
>> Good point... Thanks...
>>
>> Regards,
>> Hank Arnold
>>
>> Jim - NN7K wrote:
>>> P.S. In this regard, you need to also check your (and your Aunt's) home
>>> state ESCHEAT Depts. , as
>>> they may have captured those funds "in your (or her) name(s). Most
>>> states have these (if not all)
>>> and are there to "Protect" you (read that - steal
>>> those UNCLAIMED funds)! Found one from 40 years
>>> ago, in New York for $200.00-- and then cost me
>>> $50 to recover that money! such a deal! Try
>>> a google search for unclaimed funds in your state,
>>> as well as hers! Jim
>>>
>>> Hank Arnold wrote:
>>>> Excellent input, RC.... Thanks for taking the time. The certificate is
>>>> in my name (Care of my aunt) with my aunt's address. Since she's been
>>>> dead fro almost 7 years and hadn't lived at that address fro over 25
>>>> years, I haven't a clue what happened to all the dividends....
>>>>> RC
>

Posted by DP on January 5, 2007, 12:56 pm
Please log in for more thread options

>I recently had to close out a safety deposit box and found a 40 year old
>certificate for the original "Ma Bell" (American Telephone & Telegraph"
>company.
>
> I can turn it into my financial adviser/broker and let them figure it out,
> but I'm curious as to whether I can somehow figure out what that share has
> turned into (and what it is worth. We're talking the big breakup, more
> breakups, spin-offs, acquisitions, etc.... Also, I don't recall getting
> any dividends (at least in memory). What do I do???
> --


Besides R.C. White's excellent response to you, don't forget that the
physical share itself may have some value.
There are people who like to collect that old paper the way people collect
stamps, coins, etc.
I am not a collector, and I know of this only peripherally. But you might
want to do some internet searches on the subject of collecting shares.

I don't know if you will have to physically turn in your share, or if they
can figure out what you own now and somehow cancel the share so that you can
keep it, and ultimately sell it to a collector.

A 40-yr-old share probably isn't that valuable to collectors, but you never
know. I certainly don't.

Meanwhile, I'm guessing that a single share of AT&T from 40 years ago is
probably worth a nice little sum, in terms of all of the other companies it
represents now. Except for Lucent. I got burned buying some of their stock.
Don't get me started.




Posted by Andrew on January 5, 2007, 6:43 pm
Please log in for more thread options
DP wrote:
> .... Except for Lucent. I got burned buying some of their stock. Don't get
> me started.

Depends of course when you bought Lucent! I bought some Lucent in October
2002 at 0.66 share and sold in April of 2006 at 3.06 share. 363% net gain
in less than 4 years. It was my best 'pick' ever!

Now, I also bought Enron at $84/share in September 2000, and never sold!
Became worthless in November 2004. So that was a infinite percentage loss!
(Well, I am now a party in about 5 class action law suits!). My worse pick
ever. "Don't get me started!"

Sorry about this post, I couldn't resist. We all have our stories, don't
we? It's what makes the market so much fun.

---------------------------------------------------------
Regards -

- Andrew



Posted by Andrew on January 5, 2007, 6:48 pm
Please log in for more thread options
Andrew wrote:
> So that was a infinite percentage loss!

Maybe that's 100% loss - lost my head!
--
-------------------------------------------------------------
Regards -

- Andrew



Similar ThreadsPosted
Flexible Spending Account - prior year to current year switchover January 13, 2007, 7:42 pm
DRP share purchases July 15, 2006, 9:45 am
Share Transfer June 22, 2006, 2:05 pm
Zero-share placeholders April 20, 2008, 3:08 pm
How to record mutual fund share class exchange July 10, 2007, 2:30 pm
Adjusting share holdings to match brokerage stmt December 3, 2007, 3:11 pm
Auto Share price dowload causes Quicken to close (crash?) November 23, 2007, 11:27 pm
Year End problems again December 9, 2006, 10:04 am
Year-end archiving December 30, 2006, 1:13 pm
Attachments and Year End January 26, 2007, 11:29 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap