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The Water Cooler
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I may have decided my fate
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<blockquote data-quote="T. MIKE SMITH" data-source="post: 4242211" data-attributes="member: 44552"><p>I worked for a couple drug wholesale companies- first FoxMeyer who screwed everything up and even when it looked like they had a merger worked out with another company from Ohio. My work mates and I talked and decided it all looked good and put a lot of our 401's in stock cause it was way low, and the merger price was going to be a nice profit. Well of course the deal didn't go through. They wound up filling bankrupt and kept going down. Finally, McKesson, who is a giant company, pick up what was left at a bargain. Managed to recover my 401 and had 20 years in when they decided to downsize my department since the equipment I sold, or tried to sell, was having a lot of issues and sales sank. Fortunately, I still had a real estate license and just reactivated it and got to selling houses. While there has been ups and downs, it has served me well. Finally started taking my SS at 65. Also have a Meat Cutter retirement from my dozen years at Humpty back in the 70's-80's. This with a few real estate deals and a lucky oil royalty from some rural land we had, and maybe I'll make it if the doctors don't get it.</p></blockquote><p></p>
[QUOTE="T. MIKE SMITH, post: 4242211, member: 44552"] I worked for a couple drug wholesale companies- first FoxMeyer who screwed everything up and even when it looked like they had a merger worked out with another company from Ohio. My work mates and I talked and decided it all looked good and put a lot of our 401's in stock cause it was way low, and the merger price was going to be a nice profit. Well of course the deal didn't go through. They wound up filling bankrupt and kept going down. Finally, McKesson, who is a giant company, pick up what was left at a bargain. Managed to recover my 401 and had 20 years in when they decided to downsize my department since the equipment I sold, or tried to sell, was having a lot of issues and sales sank. Fortunately, I still had a real estate license and just reactivated it and got to selling houses. While there has been ups and downs, it has served me well. Finally started taking my SS at 65. Also have a Meat Cutter retirement from my dozen years at Humpty back in the 70's-80's. This with a few real estate deals and a lucky oil royalty from some rural land we had, and maybe I'll make it if the doctors don't get it. [/QUOTE]
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