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You are here: Experts > Money > Investing for Women > Women`s Investing > CCO
Expert: Melanie Swan
Date: 5/31/2008
Subject: CCO
Question
some gave me 100 CCO back in 2005, what is the value? what can I do with it?
Answer
Hi Katherine,
CCO, Clear Channel Outdoor Holdings, closed at $20.57 per share yesterday. You can watch the price and find out more about the stock at: http://finance.yahoo.com/q?s=cco.
The company operates outdoor advertising displays which is a business which is likely to continue to do fairly well.
100 shares at $20.57 are worth $2,057. It is probably around the same price you got it for in 2005, ~$20. It went up to as much as $30 in 2007 but is now back around $20.
It doesn't pay a dividend so one idea would be to sell CCO and buy something like SPY which is safer, it is a basket of many stocks, and does pay a quarterly dividend.
You could also keep holding CCO and try to write a covered call on it each month; sell a 22.50 call for example, earning a few extra dollars of cash per month.
I don't know where you are holding the stock, a brokerage like Scottrade.com or Ameritrade.com has nice low commissions and no monthly fees.
Good luck with your investment!
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