My mother has a certificate for 650 share of Delphi Automotive Systems Corporation issued in May 1999. I am trying to find out if it has any value?
Three answers:
cactusgene
2013-05-18 00:24:26 UTC
Delphi Automotive PLC is still traded at the NYSE under the symbol:DLPH. It's closing price today (Friday) was $47.50, so it looks like your mother's shares might be worth better than $30,000. Ahh, but there is a fly in the ointment. Your mom's stock was issued in 1999 and the company went into bankruptcy in 2005. It emerged from BK in 2009 when GM bought most of its assets. It is my recollection that the old common stock was paid something like $0.22/share, but I cannot find confirmation of that anywhere. I would contact the investors relations dept. of the company and get clarification of the eventual disposal of the old shares. Delphi's Investor Relations department can be contacted at:
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Sorry to be the bearer of bad news, but the answer is that both are worth basically nothing, unless you have paper certificates that someone might want as a collectors item, but so many people owned those shares (particularly GM) that I suspect they are so common that they're probably not really worth anything as a collectors item either. Both GM and Delphi filed for bankruptcy during the recent financial crisis. When they emerged from bankruptcy the original common stock became worthless (or nearly worthless - I think the old GM stock traded under the symbol MTLQQ until a few months ago for a few cents per share). GM has issued new shares of stock in the new reorganized company, but those are different from the shares of the "old" GM. I think the same is true of Delphi.
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