Gut Rumbles

June 24, 2006

now I don't feel so bad

Over the past couple of years, I sold all my stock, exercised all my options and cashed out everything I had in my ex-employer, Kerr McGee. At the time, I felt pretty stupid, because immediately after I sold the stock for around $90 a share, it jumped to $116. I still made a whopping profit, but I COULD have made a lot MORE if I had simply waited a while to sell.

Now, I don't feel so stupid.

Anadarko, based in the Woodlands, Texas, will acquire Kerr-McGee for $16.4 billion, or $70.50 a share ó a 40% premium to Kerr-McGee's closing stock price of $50.30 on Thursday.

Looks like I got out at a pretty good time...


Heh, heh -- I was thinking of you when I heard that bit come on the radio news as I was driving to work last night.

Posted by: Marianne on June 24, 2006 03:44 PM

Rob, there are two kinds of people. Some people will look at this numbers and count their blessings and enjoy their money. The other kind of person will sit and stew over the money they think they lost.

Posted by: Billy Dennis on June 24, 2006 04:44 PM
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