Home > bank stock surprise and Jackie Handey moment

bank stock surprise and Jackie Handey moment

December 20th, 2010 at 04:26 am

Friday night I looked up my stocks, as I usually do. My bank stock, which has been limping along a low-ish level, increased its share price by over 1$/share & 18%. Wow, I thought, I'll have to explore that further after I read the news.

Then I read the news. My bank (M&I) is getting bought by a Canadian bank (BMO), at 0.1285 shares of new bank per 1 share of old bank. It means that if the sale goes through, I get 18 shares of a Canadian bank. They pay a dividend (a pretty good one), but appear not to have a Drp. So I will get checks.

Its a little disappointing in terms of losing the largest bank in my childhood home state, but at least the bank didn't get taken over by the FDIC or had a completely horrific buyout plan (like WaMu) so its not a total loss.

On another note, DJ friend/coworker showed me the 2Gig MP3 clips that one can get for $9.99. Why bother buying a $15 CD at those prices? I felt a Jackie Handey moment coming on. Big GrinI suggested that his internet radio station contact the supplier and see if getting the internet radio logo on those little clips would be possible. Even better, he could load podcast radio programs or even several of radio station produced albums onto the critter and sell them. Even if the buyer wiped the songs clean, those little clips on a collar could be quite an ad statement.

1 Responses to “bank stock surprise and Jackie Handey moment”

  1. frugaltexan75 Says:

    That does sound like a nifty promotional idea!

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