With them both being retired (or soon to be), the wives probably just wanted a vacation home and new car......OR.....they were told to reduce their debt by their accountants......sell some stock, pay off mortgages and bills.
This is not an unusual occurence. and the number of shares is NOT astronomical........so don't read anything suspicious into their actions.
Any stock dropping in price today will be because of oil approaching $100 a barrel !!
Sammie....he has plenty more than just 50,000 shares
The day you contact a financial advisor and you tell him you have 4 or 5 million and it's all in UPS stock, the first words out of his mouth is......sell a good portion of it to diversify and pay down debt.
How many times I've heard on this site...."don't put all you eggs in one basket"???? They are just being sensible and following good advice.
I don't understand why somebody else's $$$ and what they do with it is of concern to you.
I just don't get it.
The day you contact a financial advisor and you tell him you have 4 or 5 million and it's all in UPS stock, the first words out of his mouth is......sell a good portion of it to diversify and pay down debt.
How many times I've heard on this site...."don't put all you eggs in one basket"???? They are just being sensible and following good advice.
I don't understand why somebody else's $$$ and what they do with it is of concern to you.
I just don't get it.
More,
You can bet that with the money these men have, 1/20th of it might be invested in UPS stock alone. And as for the rest of it, God only knows.
Some of us crude members here are just bustin' your chops...
Moreluck is right, the moment that any financial advisor sees that your portfolio is heavily weighted in one company they will gasp in disbelief, frown... and then strongly advise you to diversify.
If you're in management at UPS and ever mention selling some of your UPS stock your boss will will gasp in disbelief, frown... and then strongly advise you not to diversify.