FDC : First Data Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brian C who wrote (21)	2/4/1997 12:43:00 PM
From: Pei-Hwa Ho	of 323

Hi, I tried to get back to my source regarding their pension fund liability (from Down Jone News Retrieval) but didn't find it so the news must be more than 3 months old. But as far as I understand the pension law (which is limited) a company can not fund its pensions will its own stocks. I remember a couple of years ago GM reached an agreement with the Labor Dept. so that they could fund a certain percentage of their pensions with GM stocks. Looking at the latest FDC annual earnings of $637 millions the pension liability (~200 mil) is a lot. On the other hand, management could also be juggling with their pension fund contributions to make their earnings look good. -Pei-Hwa

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next