Announcement 800FL is being removed from NASDAQ
- Thread starter Dior
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Chezbloom
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This is the 4th gloomy economic bit of news I've heard today. This one does'nt really affect us but the other three kinda depressed me.
One of my former employers closed his shop-nicest guy I ever worked for. The second, a girl that works for the company that owns our building has had her position eliminated. Third, the largest store in our mall, Pier One is closing. Today it seems to be really hitting home big time. Do I care about 1-800? No I don't care about them as a corporation, but I do care about any florists that will be hurt by it.
One of my former employers closed his shop-nicest guy I ever worked for. The second, a girl that works for the company that owns our building has had her position eliminated. Third, the largest store in our mall, Pier One is closing. Today it seems to be really hitting home big time. Do I care about 1-800? No I don't care about them as a corporation, but I do care about any florists that will be hurt by it.
Your statement is misleading...
1800flowers is being removed from the Nasdaq OMX Internet Index...This index (a weighted index) is designed to track the performance of the largest and most liquid US listed companies engaged in internet-related businesses...
They are not being delisted from the NASDAQ exchange...
The only effect should be that some "INSTITUTIONAL HOLDERS" (like TOCQUEVILLE ASSET MANAGEMENT) might sell some of their holdings.
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If you don't mind me asking: This means what? Holding companies are selling off their "paper stock"? I'm so green, as in I don't know what the heck I'm talking about....
Yes, they might sell some of the stock...
96% of 1800flowers' stock is owned by institutions and Mutual Funds...
Examples: (there are 85 institutions investing in 1800flowers)
Just to name two of them...
Tocqueville Asset Management owns 2,550,721 shares
Vanguard Group owns 1,457,072 shares
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