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0nceinalifetime

04/30/03 6:59 PM

#22043 RE: teecee #22041

I assume that was said sarcastically?

"and oh what a great reward it will be when we "reward them" w/ 60 dollar strike price options next year...."

Does that mean the Houston $100 party is not likely to happen next year either? If the Houston $100 happened in 2006 then those options would be worth a mint, no? Are you saying we can no longer expect the stock to hit $100 any time soon?

To clarify, this is something I've believed for a long time but have you changed your mind now?

Once


hrbart

04/30/03 7:01 PM

#22044 RE: teecee #22041

Teecee, "Reward them with options @ 10 % over strike price @ TIME of current price!! A little incentive can be a good thing!
To give options at current or below current stock price has very little incentive other than to hang on to your job!!
Been there Done that!

The Count

04/30/03 7:41 PM

#22053 RE: teecee #22041

How many options can I get at $60

with a 10 year life and no cost to me. Sure ain't as good as what they got now, but welcome to the post bubble economy. That is putting an additional reward out there for exceptional long term performance. A $60 option that is exercisable for 10 years would require an annual return of 10% to 60. That's a good run, but the stock market is risky and a 10% return is not exceptional. A 15% return would have the stock at $100 after 10 years. That's a nice bonus for being part of a team that produced good results.

Ya know, I'd be willing to pay a buck a share right now for some. Anyone want to take the other side? Once?