Based on the recent run up in the price, it would appear more people are buying than selling at this point.
Hoaxster you do realize that you added this information about the lack of profit on ground packages in the middle of a discussion about possible wage increases in the next contract?
I don't think I made much of a leap to infer from your statement about the uprofitability of delivering ground packages that you were implying that driver wages were a factor.
If you were just pointing it out to convince us to sell our stock, then I misunderstood your original intentions.
The people that are buying UPS Stock are doing so probably because UPS continues to increase the dividend (yield ratio).
The $.03 additional increase in the quarterly dividend will give UPS a 3% yield if the price is $80/ share, which you responded to as if in some way it was related to driver wages (beats me).
If UPS Stock does not represent more than 5% of your investment portfolio, then I would suggest it as a buy. There are another 20 or so stocks that would suggest just as readily or even more though.
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My responses was one of several posts in regards to an assertion by
Southwestern that UPS is headed towards bankruptcy (see post 232). In post 232, I say to SW, "
... Ground will continue to shrink as you suggest. UPS Drivers may decrease in number but UPS going bankrupt is not inevitable or even something I foresee."
To further back up that line of thought, in post 244, I say, "
The profit on ground packages is approaching "zero" ... once you consider the infrastructure investments and maintenance to support Ground."
I should point out that I was "loosely" joining in on your and
bubblehead's attacks on what
southwestern was posting.
The fact, which I just now realized, that the driver wages discussion was mixed in during this same period was not recognized by me. However, your lumping me in in with
southwestern and posting that I said things that I never said or even believe in was poor deduction and irresponsible posting on your part ... which I called you out on.
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NOW IF I MAY RESPOND TO THE UPS DRIVER WAGES DISCUSSION:
As for the wages that a UPS driver makes, I believe they earn every penny of it (been there and done it). Unfortunately, FedEx drivers do not get paid what they are worth.
And as far as education level, I personally feel that all that education level does is get your foot in the door and after that, it means nothing. If a person with a high school degree is compensated more than person with a PhD because he/she makes a company more money than a person with a PhD then that is the way it should be. I have several people that report to me of which one has a Master's degree ... that person is very ineffective and makes less than everyone else and will continue to do so as long as I have a say in the matter.