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Rookie stock market question

Old 02-24-05, 02:38 PM
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Rookie stock market question

OK, happened to be watching the news just now and heard about Yahoo's stock (YHOO)...

Back in 1997, I received 10 shares of Geocities free. Soon afterwards, Geocities was bought by Yahoo and those 10 shares became equivalent to 6 2/3 shares of Yahoo. The stock has moved a lot since then; checking a chart of its movement since 1998 shows that it's gone through 4-5 splits. I don't know if these splits were 2-for-1, or what. YHOO's currently trading at 31.15.

Now, the question is, how much are my shares worth now? I don't have a broker or anything, just the paper certificates of the original 10 shares of Geocities. Is it worth me trying to "cash" them out, and if so, how would I do that?
Old 02-24-05, 02:39 PM
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31.15

The real question is how many you own.
Old 02-24-05, 02:43 PM
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4 splits of 2:1 each since Jan 1, 98 means you have 16 * 6 2/3 shares of YHOO now, or 106.56 shares.

106.56 shares x 31.25 asking price = $3330.
Old 02-24-05, 02:44 PM
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Splits:02-Sep-97 [3:2], 03-Aug-98 [2:1], 08-Feb-99 [2:1], 14-Feb-00 [2:1], 12-May-04 [2:1]
Old 02-24-05, 02:48 PM
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When you have a paper certificate of a stock that no longer exists (or is bought by another company) do you have to do something in a certain amount of time to be able to "claim" it?
Old 02-24-05, 03:34 PM
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Damn, so it's worth over $3k now?! How do I "redeem" these 10 shares of Geocities?
Old 02-24-05, 03:41 PM
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Internet consolidation continued today with the announcement by top Web portal Yahoo! (Nasdaq: YHOO) that it will buy GeoCities (Nasdaq: GCTY), the leading webpage hosting community, in a stock deal valued at around $3.6 billion. Shares of GeoCities soared nearly 50% to $112 1/4 a share on the news as the merger calls for a stock swap of 0.3384 shares of Yahoo! for each share of GeoCities.

10*.3384 = 3.384

where'd you get six?
Old 02-24-05, 03:41 PM
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Just send them over to me. I'll take care of them for you
Old 02-24-05, 03:49 PM
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Originally Posted by kvrdave
When you have a paper certificate of a stock that no longer exists (or is bought by another company) do you have to do something in a certain amount of time to be able to "claim" it?
Normally, yes. You usually have to send in old certificates and they mail you new ones. If you have a broker who keeps the certificates, he handles them. On splits, they should mail you new certificates for the new shares. The fact the OP has none of this probably means the shares are not properly registered, he failed to respond to a letter, or something. It may still be possible to get it straightened out, but it will undoubtedly be a problem.

I would try to find a "stockholder relations" contact at Yahoo and see if they can advise how to straighten this out.
Old 02-24-05, 05:47 PM
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Ah, maybe I originally had 20 shares of Geocities then. When I get home, I'll have to check.

Hmmm...thanks for the advice, OldDude. I guess I'll have to contact Yahoo about this.

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