New Jersey Resources (NJR)
DH will be inheriting a fairly substantial amount of stock in this company from his recently departed mom. Frankly, we're still reeling from her loss and haven't had a lot of time to think this through. We did some quick research on this company and it seems sound. Since the basis will be stepped up to the date of my MIL's death, we would have a very small gain or loss if we sold it right away.
We don't need the cash so that's not the issue. DH is inclined to hang on to it. Perhaps this is because his mom had this stock since the WW2 days and it's always paid her reliable dividends.
I'm thinking this would not be an investment we would make if we were looking for something to put some funds into. Even so, this is his decision since it’s from his mom. I’d just like to give him some good advice. It won’t be a material enough portion of our portfolio to loose sleep over, but is substantial enough to warrant some analysis. Any thoughts you all have are greatly appreciated, as always.
I purr therefore I am.