Should we cash out all of our debentures?!
17 replies (most recent on top)
Cash in they are not safe. Don't be stupid.
My investment certificates are FDIC insured...I made sure before putting money into them. Zero risk. Also they have only been earning 4% for the last couple years. 🤔 No need to withdraw money. Makes an unstable market environment when people do this.
Yes, Debentures are not protected in Iowa. Cash them out.
If HyVee files bankruptcy protection they will keep all of your cash in HyVee stocks. At this point HyVee can’t afford everyone to cash out company stock. If they file for bankruptcy before everyone sells their stocks they won’t have to repay that money back to shareholders. HyVee is trying to save the company at all cost. They will file for bankruptcy before they pay you out. Middle of next week it will be filed. Time is running out.
Cashing mine out and most of my co workers are as well. Even if Chapter 11 is just a rumor, I refuse to invest any money in Hy-Vee as long as Randy is in charge of the burning ship. I am sick that my money was used for his narcissistic, crazy, unpopular, and untested ideas and now people are hurting because of it. Everyone should pull their money out until Randy is gone.
You can cash them in in any amount and at any time. I‘be been cashing my in for the past year because I saw the writing on the wall when all the changes started happening—Kronos, etc. I sent the last of them in the day after my full time position was eliminated and I lost all benefits and insurance.
Ugh.
I imagine the next announcement Monday will be the restriction on cashing debentures.
I do have close to $100k in "debentures" and I am just a worker bee at a DC. Its been a great way to set $$ aside for a large purchase at 6%. It used to be 8%. I never imagined there was a risk involved.
I would like to know how much in debentures exist held by the employees? If the poster below truly has 100K in debentures, I assume most directors and long-time 20+ year Employees have similar investments. Which could mean a 10 Million+ bust to HyVee should they cash in. It will "Burn the Ship": even further in the water.
If Randy Et Al sold their Stock, who bought it? Oh let me Guess...The 401k "Match" at the end of the last Fiscal Year.? What a farce.
Wow. This just gets stickier and stickier.
I would cash the debenutrs in ASAP. While the Interest is Nice, being Low on the secured creditor totem Pole is not worth the risk. There are better investments.
The short answer is that most of the time, the stock of a company in Chapter 11 becomes worthless and shareholders get completely wiped out. ... The company may issue new shares upon emerging from bankruptcy, at which point the old shares are cancelled and become worthless. FYI I heard Randy and a few executive have recently sold millions on their HyVee stock. Caption randy is already headed to the life boat know the ship won’t make it.
If you read the "rules" regarding debentures, you will discover that they will be the LAST indebtedness repaid, in the event of financial difficulties.
Yes. Cash them out. 100k is nothing to a 10 billion dollar company, but could make a significant difference in the quality of your retirement years.
You can cash them in, and continue to deduct for them, just protect your assets.
I forgot What the terms were on the debentures. Can U cash out anytime or are they locked in for 5 or 3 years? Whats the interest rate.
If people cash their debentures In it will create even more cash flow Havoc on the company.
It will be a bad sign if they increase the interest rate on the Debentures as outside money is very cheap right now IF they have the credit and ability to qualify.
Surely, legally, they're safe. I hope so as I have close to $100k in them.