I mentioned in a previous post that Mars, Inc., the candy maker, bought Wrigley's, the gum people. This is disappointing because Wrigley's used to give out free gum every December to every stockholder, even if you just owned one share like I did.
This week I received a letter informing me that my Wrigley's shares (I just bought another share so I had 2 shares plus dividend reinvestments) will NOT be transferred to Mars shares. They gave me a check for my Wrigley's shares and I guess they don't want anything more to do with me. I wonder if they allowed ANY Wrigley's stockholders to join the Mars club. Perhaps I didn't own enough shares or maybe...I can't even guess.
Why do you think it is that Mars doesn't want me? And what shall I do with my $250 check? I hadn't planned to sell my stocks until the end of my mortgage repayment plan (in about 2 years). Should I buy more shares of another stock I own since prices are very low right now? Or should I just forget about keeping my stock money together and put this little bit towards the mortgage now?