has anyone bought stock by going through a company direct stock purchase plan, is there any hidden catches to this plan. Thanks for any help
2006-09-12 23:05:16 · 5 answers · asked by jeffrey l 1 in Business & Finance ➔ Investing
Yes, I have bought stock that way. No hidden catches. It was actually a very good deal for me. Pennsylvania American Water Company offered to sell stock directly to it's water utility customers, several years ago. They gave a 5% discount off the market value, no brokers fees were involved, and they automatically reinvested dividends, which were about 4%. Within a few years my investment almost quadrupled. Unfortunately a German Company bought out PAWC, and I had to accept cash from the sale.
2006-09-12 23:27:42 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
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2016-02-16 21:33:07 · answer #2 · answered by ? 3 · 0⤊ 0⤋
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2016-12-18 09:27:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, I have bought stock that way.
No catches. Just make sure you pay close attention to the fees (seems each one is different).
2006-09-13 00:38:22 · answer #4 · answered by derek 4 · 1⤊ 0⤋
I'm not entirely sure I have you right but I found this article which might be on the right track
http://www.fool.co.uk/news/comment/2006/c060830f.htm?source=ioodftxt0010001
2006-09-12 23:13:46 · answer #5 · answered by Bapboy 4 · 0⤊ 0⤋