European Stars And Stripes (Newspaper) - November 6, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday november 6,1988 investor s guide by Bill Doyle q. I invested �1,000 la a company a re Alire Jln Ted by buying 190 shares of the company s Stock Islo � share. The company manufactured and offered far sate product he invented. I realized this was Rook on my part and ital s what ii turned ant to be. He is unable to get the product marketed. Fin yours have tone by and i now own 100shires thai Are worthless to me. I want to report the$1,000 loss on my income tax return. My rela Tive refuses to give me a Toi Ler stating the Busl Nef i Doyle not in operation which i am told i need to take the Tan loss. Me still has dreams at Selling his product. Boxes of 11 Are killing in a Ware House. Can you help me a. Forget about a letter fro your relative. You need a letter from a brokerage firm stating therein no Market for the Stock and that it lost Alt value at such and such a , on a schedule d of your form i to Federal income tax re turn report the 100 shares As hav ing Zero value As of dec. 31 of the year in which the Slock became worthless. You re required to take that tax loss on the tax return you flip for the year in which the Stock lost All value with worthies securities you can file an amended return form i040x Back for seven years. Don t Send that letter along wit your return. File it away and pro Duce it if the internal Revenue serv ice questions your 11,000 capital loss. The irs normally accepts such idlers from brokerage firms As proof stocks became worthless. It s most doubtful the Rcv Yuers would of a similar Teller from your relative. In the unlikely event your rela Tive s dreams come True enabling him to sell the produce and revive the company s fortunes the Stock could have value again. If that happens and you re a Leto sell your shares the entire proceeds from the Sale will be fully taxable As a capital . talk of a leveraged buyout or a Targer of a own by i which 1 own Slock. If Dylik Hap pens and 1 elect not to sell my shares. What would be by future position in the company a. You would have a very Smallpiece of ownership in a Shell corporation. When company a is merged into company b or when the vast majority of company a shares bought up company a ceases to exists As it formerly becomes part of a new corporate entity. From thai Point on no dividends will be paid on company a Stock and hat Stock will Noi betrayed in the Market. This rankles Many people. How Ever the merger or leveraged buy out can t Lake place unless it is approved by owners of the majority of company a Stock. Corporate democracy is an imperfect thing but it docs provide for majority Rule " v a boils Down o this when. There is a merger or leveraged buyout of a company in which you. Overt Stock it s Wise to go will the. Flow and sell. King pm him Soiu Wisi . You an Watt to he in con or the Sun. Ind ,apo09211, news jobless rate fuels Market drop new York up the Stock mar Ket suffered a modest Retreat last week Asa stronger than expected unemployment report outweighed the takeover Manial hat has dominated Market activity in recent sessions. The Dow Jones Industrial average which fell 24.54 Friday closed the week at 2145.80, for the week the Blue Chi Index lost 4.09 Points. For most of the week Market activity entered on selected issues involved in takeovers real or rumoured. But by Fri Day As was the Case in August and sep tember investors focused on the latest barometer of economic activity. And the news was filled with negative implications for the Slock Market prices fell immediately after the open ing Bell Friday the Dow was Down 17points Only a few minutes into the ses Sion after the labor department is sued a stronger thac expected unemployment report for october. The jobless Rale last month dropped to 5.3 percent and non farm payrolls Roseby 323,000. Well above Market estimates of around 240,000. The Strong gains countered earlier Evi Dence in August and september of an economic slowdown and renewed fear thai the Federal Reserve Board might not have the Freedom to lower interest ales and could even be forced to tighten. Broad Market indicators lost new York Stock Exchange Compo site Index fell 1,09 to 155.70. Standard poor s 500-Slock Index dropped z22 to close at 276.31. Declines led advances 1,047-779 Amon the 2,170 issues traded. Big Board volume totalled 752,756,003 shares compared with850,126,070 the previous week and 1.06 billion a year ago. On the american Stock Exchange thealex Market value Index fell 4.23 to close at 297,52, while the National association of securities dealers Index lost 1.78 to end at 381.02. Declines topped advances 503-324 among 1,043 issues traded on the Macx volume totalled 49,300,575 shares com pared with 44,819,680 traded a week ear Lier and 58,476,085 traded in the Sam week a year earlier. Wang labs class b led the Macx actives Down % to 8. Mediocre Christmas sales predicted new York a in the coming weeks As stores and shopping malls fill with people buying Christmas gifts it might look like any other Holiday season. But the Bustle will mask the fact that cautious consumer spending has forced a Cailen to take a subdued approach lot his Christmas and their prospects for meaningful sates growth in the foreseeable future. Nonetheless stores Are expected to have a profitable season. Last year t played Ebeneze Scrooge said Robert Buchanan an analyst with the investment firm . Edwards so sons inc. In St. Louis this year i m a Little More upbeat especially with respect to earnings because of the constructive Steps the retailers have taken in recognition of slower said Michael Wellman vice president for marketing at k. Mart corp., Christmas is going to be very compel Tive but no reason to be gnashing one s Teeth Over the consumer who does seem to have much estimates of sales growth this season Range from 4 percent to 6 pc recent Over Christmas 1987 Levels or about the Pace of inflation so far this year. That s what economist David Wyss Calls a mediocre Christmas not a terrible people a lit Ltd bit nervous about the Economy said Wyss of data re sources inc., an economic forecasting service based in Lexington Moss. It s been a year since the Slock Mai Ket crash but i Don t think the crash has entirety left their minds lie interest rates relatively weak growth in income and a Low savings rate also contributing to Consumers Unea siness Wyss is make it or Brcak in time for retailers because they earn As much of60 percent of their annual profits during the fourth Quarter. But even if his sea son proves to be unexciting there is Little fear that earnings will suffer. Retailers Are generally lean on their inventories heading into Christmas said merchandise on hand Means less merchandise to be marked Down Al the end of the season. From Page 19 Mujat 11-20 1170 .01 Lukl 10.48 10 � 01mum i an a a Uwi 10401040my i 10771077 .5? Jim n cu-,01 a Tell 10091019111hlhti 1017 1d" Muci 1u010 do 044144 in Vil 99 til a tart i 412 492 .01 sup id if no .12 die Iii 12 he Gus Clyl 932 my .15 unto 9.77 us .10 1,110 1033 he. Ifim 10jji of. A psf cd 1dm w. Al so sol 1341 Clexo of dog Wesco. To a 71 Job 7.10 74$ 11 0.77 my. 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