GREY:LFDEF - Post by User
Comment by
Links68on Nov 11, 2015 10:49am
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Post# 24280971
RE:FINANCIAL ADVICE PLEASE...
RE:FINANCIAL ADVICE PLEASE...
It's probably not a bad strategy. I know we may never see $1.77 again, but assuming a 40% marginal tax rate you would need the sp to make it up to $1.95 for it to make sense (already there!). if you were to do it at $2 (2,750 shares) you would need a sp of $2.2 for it to make sense. The math I used was
$ amt of penalty/marg tax rate/50% (cap gains exemption)/# of shares
I think that would get you to the gain you would need to make it break-even.