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Holy Moly Batman! 845 Million in 2nd quarter profits
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<blockquote data-quote="browniehound" data-source="post: 754553" data-attributes="member: 4653"><p>I don't blame business owners for stating that business is not good. I also don't blame (take exception to, hold it against them, ect) UPS for preaching 'Gloom and Doom', when they have turned a profit since I can ever remember. Another thing that I've learned is businesses must grow profits each year. So if UPS' profits have shrunk the last 2 years then I truly see that as a cause for concern and the 'Doom and Gloom' picture should be painted to its managers and hourlies.</p><p> </p><p>I say this because what if UPS just rested on its laurels? What if they said "we can profit 845 million for the next 30 years" and be fine. What would happen then? I can tell you a few things that would happen. </p><p> </p><p>First, every non-employee share holder would hit the sell buttom on their shares driving the price down to levels you only fear about. Second, there would be layoffs and no raises. Thirdly, no new equipment would be purchased or superior technology developed. This is just scratching the surface and its just my opinion.</p><p> </p><p>I'm happly UPS cries poor and cracks the whip. Do you want us to end up like DHL? We used to joke around how nice it would be to be a DHL driver with his short hours and empty trucks, now most of them are unemployed.</p><p> </p><p>Just think of the video rental store "Blockbuster". Less than a decade could anyone have predicted that they would close the majority of their stores? It goes to show how quickly a very large business percieved to be a staple in the entertainment lives of people can quicly turn and sink.</p><p> </p><p>Quick fictional scenario. UPS rests on its laurel while Fed-Ex sinks a large amount of its growing profits into R & D of alternative or renewble fuel engines. In 2060 Fed-Ex has an engine in all its vehicles that are 4 times as efficent as the engine UPS developed. Perhaps UPS uses a standard alternative engine in 2060, while Fed-Ex has a pattened super-efficient renewable fuel source engine. BYE BYE UPS.</p><p> </p><p>Obviously this is a fictional story, but I think we all get the point. Grow profits and change with the consumer or your business will sink faster than the Titanic. No?</p></blockquote><p></p>
[QUOTE="browniehound, post: 754553, member: 4653"] I don't blame business owners for stating that business is not good. I also don't blame (take exception to, hold it against them, ect) UPS for preaching 'Gloom and Doom', when they have turned a profit since I can ever remember. Another thing that I've learned is businesses must grow profits each year. So if UPS' profits have shrunk the last 2 years then I truly see that as a cause for concern and the 'Doom and Gloom' picture should be painted to its managers and hourlies. I say this because what if UPS just rested on its laurels? What if they said "we can profit 845 million for the next 30 years" and be fine. What would happen then? I can tell you a few things that would happen. First, every non-employee share holder would hit the sell buttom on their shares driving the price down to levels you only fear about. Second, there would be layoffs and no raises. Thirdly, no new equipment would be purchased or superior technology developed. This is just scratching the surface and its just my opinion. I'm happly UPS cries poor and cracks the whip. Do you want us to end up like DHL? We used to joke around how nice it would be to be a DHL driver with his short hours and empty trucks, now most of them are unemployed. Just think of the video rental store "Blockbuster". Less than a decade could anyone have predicted that they would close the majority of their stores? It goes to show how quickly a very large business percieved to be a staple in the entertainment lives of people can quicly turn and sink. Quick fictional scenario. UPS rests on its laurel while Fed-Ex sinks a large amount of its growing profits into R & D of alternative or renewble fuel engines. In 2060 Fed-Ex has an engine in all its vehicles that are 4 times as efficent as the engine UPS developed. Perhaps UPS uses a standard alternative engine in 2060, while Fed-Ex has a pattened super-efficient renewable fuel source engine. BYE BYE UPS. Obviously this is a fictional story, but I think we all get the point. Grow profits and change with the consumer or your business will sink faster than the Titanic. No? [/QUOTE]
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