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'97 Strike Resulted in UPS Going Public
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<blockquote data-quote="35years" data-source="post: 2253259" data-attributes="member: 60822"><p>An article soon after the stock went public...</p><p></p><p><a href="http://www.nytimes.com/1999/11/11/business/workers-ready-to-cash-in-as-ups-goes-public.html?pagewanted=all" target="_blank">Workers Ready to Cash In as U.P.S. Goes Public</a></p><p></p><p>I seriously doubt the strike was the deciding factor for going public.</p><p></p><p>After decades of phenomenal 20-30% returns (when OPL is factored in), the return on investment were not keeping pace with the booming stock markets (NASDAQ rose 200% in the prior 2 years).</p><p></p><p>The UPS fat cats sitting on piles of stock watched other IPOs double overnight and wanted in on the action. They also probably realized that 25% annual returns were a thing of the past since we were no longer the fast paced growth company we had been for decades.</p></blockquote><p></p>
[QUOTE="35years, post: 2253259, member: 60822"] An article soon after the stock went public... [URL="http://www.nytimes.com/1999/11/11/business/workers-ready-to-cash-in-as-ups-goes-public.html?pagewanted=all"]Workers Ready to Cash In as U.P.S. Goes Public[/URL] I seriously doubt the strike was the deciding factor for going public. After decades of phenomenal 20-30% returns (when OPL is factored in), the return on investment were not keeping pace with the booming stock markets (NASDAQ rose 200% in the prior 2 years). The UPS fat cats sitting on piles of stock watched other IPOs double overnight and wanted in on the action. They also probably realized that 25% annual returns were a thing of the past since we were no longer the fast paced growth company we had been for decades. [/QUOTE]
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'97 Strike Resulted in UPS Going Public
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