UpstateNYUPSer(Ret)
Well-Known Member
This one driver had $180K in his thrift plan which he converted in to $1.2M during the IPO.
Comparison: Last, Best & Final to Pre-strike proposals
- Thread starter 104Feeder
- Start date
104Feeder
Phoenix Feeder
I have never bought any UPS stock directly but I seem to recall it selling around $26/share prior to the IPO and wasn't some of that the junk stock (OPL?) used to finance our insurance at the time that the IRS spanked us for? Looking up the historical price it has it at $51.35 adj ($67.73 close) so how did he turn $180k into $1.2 million? Wouldn't that be something like 7 for 1? (assuming he had that much in there, which the previous poster called into doubt). Bear with me if I'm clueless about the stock changeover, I'm just a boring Mutual fund, S&P Index fund turtle-isn't-sexy-but-wins-the-race kind of guy.
UpstateNYUPSer(Ret)
Well-Known Member
I am just relaying what I was told---I didn't ask the driver to show me his transaction history. Believe the story--don't believe it--I don't really care.
I bet you feel pretty foolish having typed in all of the contract information for nothing.
104Feeder
Phoenix Feeder
Excuse me? OK so it was just something you heard. Probably the person who told you heard it from someone else? Or if it was the actual person, you could probably tell pretty easily if he really had $1.2 million in the bank which should be quite a bit more by now.
Why should I feel foolish? BrownIEman et.al. and I had a good discussion and it's a resource others can turn to who didn't live through that era. You really are strange.
brownmonster
Man of Great Wisdom
The first shares I got from my thrift plan money were about 26 a share. Just before we went public they were at roughly 50. The stock then split and went public at about 70. My original shares would have been valued at 13 split adjusted.
UpstateNYUPSer(Ret)
Well-Known Member
Excuse me? OK so it was just something you heard. Probably the person who told you heard it from someone else? Or if it was the actual person, you could probably tell pretty easily if he really had $1.2 million in the bank which should be quite a bit more by now.
I never said he had $1.2M in the bank---all I said was he turned $180K in to $1.2M--his gain, as all gains, was on paper and would not be realized until he sold.
Why should I feel foolish? BrownIEman et.al. and I had a good discussion and it's a resource others can turn to who didn't live through that era. You really are strange.
You spent all that time and energy typing that information in and there was good discussion but your efforts were quickly forgotten.
I never said he had $1.2M in the bank---all I said was he turned $180K in to $1.2M--his gain, as all gains, was on paper and would not be realized until he sold.
Why should I feel foolish? BrownIEman et.al. and I had a good discussion and it's a resource others can turn to who didn't live through that era. You really are strange.
You spent all that time and energy typing that information in and there was good discussion but your efforts were quickly forgotten.
Bubblehead
My Senior Picture
You don't want to believe, nor do you want to do the work to refute it.
Your goal is to discredit by innuendo.
Get busy or step off.
104Feeder
Phoenix Feeder
Suddenly I understand why so many on this forum give you such a hard time. Guess you'll have to find someone else to feed your ego.
UpstateNYUPSer(Ret)
Well-Known Member
I could come here and be all ditzy, trying to act cute and dripping with sexual innuendo and have all the boys fawning over me but I know in the end no one would take me seriously. I tell it like it is and if you don't like that I couldn't care less. I did tell you in the contract thread that I appreciated you taking the time and effort to type all of that information in but as you found out your efforts were quickly forgotten. I don't come here to feed my ego---I come here as I enjoy the discussion. When the time comes that I no longer enjoy coming here I will stop.
You had me at "ditzy".
UpstateNYUPSer(Ret)
Well-Known Member
You had me at "sloppy seconds".
menotyou
bella amicizia
Yet, another example. Some one's panties are in a bunch because I 'like'd your comment. Notice how upset I am? See me in the corner crying?
NOT!
I didn't know all the boys were fawning over me, though.
grgrcr88
No It's not green grocer!
They are!! Trust me!!
menotyou
bella amicizia
I just love how he drags me into his little rants.
oldupsman
Well-Known Member
Your numbers are correct Jon. But the part you are missing is the years before the earnings were limited.
I remember there were quite a few years that the "the plan" ( I always got a kick out of those quotes) paid at
22% to 25%. Old guys like me who started in the 70's and never touched that money did quite well.
When we were allowed to buy stock I had 50,000 in "the plan". And there were guys who had a lot more than that.
And I converted all 50,000 into UPS stock before we went public. So you can do the math from there. But it sure wasn't
no million bucks. Then again, I ain't complaining.
Similar threads
