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UPS Discussions
UPS going private again.....
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<blockquote data-quote="moreluck" data-source="post: 175263" data-attributes="member: 1246"><p>"The strange thing about Kelly's statement is that UPS already <em>was</em> a currency before UPS went public. Didn't most of us own a few shares of UPS stock before Nov. 1999?"</p><p> </p><p>Financial....the weirdness of the stock as a privately held one was that not many banks would loan $$ with UPS stock as collateral. If it wasn't on Wall Street they wouldn't even talk to you. You weren't allowed to sell it.....I repeat, you WEREN'T allowed to sell it if you were management.....bosses pressured you if you were even considering it. So, the stock, pre-IPO, wasn't much of a 'currency'.</p><p> </p><p>Turns out to be a good thing that we hung on to it and because of the IPO enabled us to leave early.</p></blockquote><p></p>
[QUOTE="moreluck, post: 175263, member: 1246"] "The strange thing about Kelly's statement is that UPS already [I]was[/I] a currency before UPS went public. Didn't most of us own a few shares of UPS stock before Nov. 1999?" Financial....the weirdness of the stock as a privately held one was that not many banks would loan $$ with UPS stock as collateral. If it wasn't on Wall Street they wouldn't even talk to you. You weren't allowed to sell it.....I repeat, you WEREN'T allowed to sell it if you were management.....bosses pressured you if you were even considering it. So, the stock, pre-IPO, wasn't much of a 'currency'. Turns out to be a good thing that we hung on to it and because of the IPO enabled us to leave early. [/QUOTE]
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