Stock Price

Thanks for thinking of me deliverman, I feel special...Does anyone have the ability to tell me how to get the GLOBAL ID for mellon. I am trying to no avail to get on the site with mellon, but if I got a password from them I threw it away as bulk mail.. I have called all the #s and get the same recording which does nothing but take me to the point of password and ID, and asks for my ID. Does anyone know if you can take 401k money and roll it into stock, and how??

Toonertoo,
yes you can buy UPS stock with your 401k but you will need to check the guidelines. I beleive you can only hold 10% in ups stock in the ups savings plan. Check with HR or Finance to be sure.

Tooner,
Kind of scary, was up early to logon to Mellon this morning and had the info with me when I read your post. The url is www.melloninvestor.com. Once there, click on MellonOne (Towards the top right of the screen). This should bring you to the login screen. Enter your user id (SSAN) and password. If you have never been there, there's a link on this page to sign up. If you have forgotten your password, there is also a link to retrieve your password. However, I think the password gets sent to you via snail mail, so it might be a week before you actually get it. Hope this helps.

toonertoo-I don't believe you can take it from your 401k plan and roll it into another plan, without paying penalities, until you retire. However, in your 401k plan you can use the self-managed account to buy stock. There are requirements that have to be meant-for example you cannot transfer money in the stable fund directly to the SMA(self-managed account).

Merrill Lynch has raised its target price for UPS to $92 from $83 after meeting with big Mike. Raised earnings estimates also...

Go UPS!
P71

Several of you sound like people I knew that worked at Enron. In fact UPS pushes its stock on its employees like Enron did. All I can say is don't have all your eggs in one basket and if you do be very carefull.

Closed at $84.55 today. Another All Time High.

At this rate we will see 90 for Christmas.

<font size="+1">I like your deductive powers!</font>

Thanks for all the help. I tried retrieving my userid and password, as I didnt know Mellon took over for fidelity. I had one with fidelity, but now is useless as they are sending me a new one, then I found out of the change in bank names. If you have ever seen the Capital One credit card commercial with David Spade, and the bobble head No doll that is what my phone conversations were like with mellon and teamsters cs plan, no,no , no no you cant do that, and you cant do that either. But I never take the first nos seriously, I am going to look at the self managed plan. Thanks again.

I finally got to the SMA on the teamsters.cs web site. It is much more difficult than it should be. My question is....mellon and teamsters are SUPPOSE to be working for us. I will acknowledge that this is pretty new to me, I just used to give them money and figure they would handle it fine. So I am naive but with a little help from my friends on here and otherwise, I am starting to be more aggressive in my pursuit of information. Why didnt either one of them tell me what UPS79 did? and Joncarr10. And the bad part is we dont have a HR person that could answer it either, or a mgmt person. they all did get me info but none pertained to transferring inside the actual plan. Would it be that hard to say "yes, you can transfer money from certain parts of your 401 k to a SMA and buy any stock you would like to" for a fee and certain restrictions will apply" They should all be fired. They make it hard so you will just give up.

(Message edited by toonertoo on November 12, 2004)

toonertoo-I always like the way at the end of the converstation they say "this could have tax consequences, we suggest you contact your financial planner". In reality all these people do in manage the complete 401k plan, not any individual account. A lot of times they know less than you do. It is for that reason, I upon retirement rolled over this account to something closer to where I live. Also I now see an individual which I know, rather than a computer screen or someone in ny that I don't. One day this will probably be outsource to India also.

toonertoo-the ups and opl stock you own is considered an ira, managed now by wachovia. What you could do if you wanted to buy more ups stock(remember it has had a good run the last three weeks, but also remember it will probably lose a little of what it has earned after the first of the year) rollover any cd ira's you have into wachovia and request that they buy ups stock with the roll over. I'am assuming that your have a wachovia account(was first union when the thrift plan earnings were converted to ups/opl stock).

Thanks again for the help. I was not planning on throwing everything I had into stock, I just wanted to replace what I had before. I had some which I sold when I needed money in a hurry, and I just wanted to restock without doing it through a direct from the checking account or paycheck deal. I do aprreciate the info.

Good article:

http://www.thestreet.com/_yahoo/stoc...&amp;cm_ite=NA

True Story!!!

My Grandfather and his brother (I'll call my Uncle) both went to work for UPS at Newark, NJ in 1936. My Grandfather worked his way up to management on the night shift loading trucks, my Uncle was a driver until he retired after 45 years of safe driving.

Anyway, around 1952 UPS sold stock "Brown Shares" to employees on a one time basis. My Grandfather bought 150 shares and my Uncle bought 150 shares plus 75 from a friend who wanted to sell them. So, they wound up with my Grandfather having 150 shares and my Uncle having 225 shares. They both signed waivers to apply all dividends to additional stock and put the stock certificates away. They continued to work for UPS and lived middle class lives never mentioning the stock. In fact I really think they forgot about it.

Anyway, here it is 53 years later. Both my Grandfather and my Uncle have passed away and we found out about the stock. The stock has been divided through inheritance to my entire family and as close as I can tell, because of splits and dividend assignment the total value of that investment (375 shares) is in excess of $19,000,000.00.

My Mother is in poor health with Altzheimer's Disease and because of UPS we are able to have her spend her time comfortably in a nursing home. This would not have been possible had my Grandfather and Uncle not made that investment.

UPS has impacted my life and that of my family in a way no one will ever know. I salute all you USPers. I am sorry to say I have never worked for UPS but I wish I had.

P.S. I am 59 years old and because of UPS I will be able to retire next year when I turn 60. Thanks Again!!!

YIKES !!!!!

UPS stock down 2.5% after Q4 warning (UPS) By August Cole
SAN FRANCISCO (CBS.MW) -- UPS (UPS) stock fell $2.10, or 2.5 percent, to $81.20 in after-hours trading Tuesday following the shipping giant's warning that it will report a smaller fourth-quarter profit than it had earlier expected.

FedEx Corporation (NYSE: FDX) today reaffirmed its previous guidance of $0.90 to $1.00 per diluted share for the third quarter ending February 28, 2005.

"FedEx experienced a strong holiday season," said Alan B. Graf, Jr., executive vice president and chief financial officer. "We continue to see favorable U.S. and global economic conditions and demand for all of our transportation services is strong."

Typical knee-jerk over-reaction by short-term investors.

Even with the specific 4Q guidance, UPS stated that '04 over '03 profits are expected to increase by 19%. That my fellow brown-bloods, is a very good number.

I just figured UPS was being truthful and Fedex was embellishing.

5% down OUCH

Decline is expected, this knee-jerk OVER reaction is allowing the Company to proceed with the plans to buy back shares and retire them, lst qtr 05 will surprise, in Feb. the dividend will increase 7 cents per share, nothing to get excited about in the Long term....

UPS Cuts 4th-Quarter Forecast, Citing Volume Slowdown in U.S.

By NICOLE HARRIS
Staff Reporter of THE WALL STREET JOURNAL
January 12, 2005; Page A2

United Parcel Service Inc. lowered its fourth-quarter earnings forecast, blaming higher costs and an "unexpected, significant" slowdown in domestic package volume during the week after Christmas.

In an announcement after the markets closed yesterday, the package-delivery giant said that prior to the last week of the year, package volume had been growing 2.5% for the quarter. But the drop-off in packages between Christmas and New Year's slowed domestic package-volume growth to an increase of just 1.6% for the quarter.

<\excerpt>

Norman Black, a UPS spokesman, said the company hadn't yet determined the cause of the fall-off in volume during the last week of the year. "The only thing that is clear to us is we got hit by an unexpected double whammy," he said, referring to higher-than-expected costs due to winter storms in the Midwest and the drop-off in volume between Christmas and New Year's that was roughly 20% worse than what the company projected.

<\snip>

One week of lower than expected volume adds up to a near 1% drop in quarterly growth? No wonder the stock price has taken a dive. Wall Street obviously didn't buy it and to be honest, I don't either.

wow ups stock took a huge fall .did any one take profits at the record highs?

UPDATE 3-UPS shares fall, dragging transports lower
Wed Jan 12, 2005 06:02 PM ET
(Updates with FedEx economist comments)
By Reshma Kapadia

NEW YORK, Jan 12 (Reuters) - The shares of United Parcel Service Inc. (UPS.N: Quote, Profile, Research) slid more than 7 percent on Wednesday, dragging down the transport sector a day after the company said fourth-quarter earnings would miss estimates.

A more optimistic comment from UPS rival FedEx Corp. (FDX.N: Quote, Profile, Research) helped buffer the weakness in transport stocks, but even trucking shares felt the heat.

"UPS is the bellwether for the industry. I know people are concerned about the macro impact and whether that is the first sign the economy is weakening," said FTN Midwest analyst Mark Davis. "But I think this is more of an anomaly and I don't think it speaks to the economic situation in 2005."

In its profit warning, UPS, the world's largest package delivery company, cited higher-than-expected operating costs due to storms and domestic package volume growth that was about 20 percent below its expectations.

FedEx, the No. 1 air-express shipper, stood by its quarterly forecast late on Tuesday and said it still sees favorable U.S. and global economic conditions.

In an interview late Wednesday, FedEx Chief Economist Gene Huang said its growth was "steady and strong" through the holiday season and into 2005.

"I can assure you growth momentum is steady and I think the situation is aligned with the macroeconomic picture," Huang said, adding that performance during the holiday season exceeded the company's expectations.

The Dow Jones Transport index closed down 1.6 percent after hitting its lowest point since late November.

Some analysts said the UPS warning suggested the company was under pressure from FedEx and possibly from Deutsche Post AG's (DPWGn.DE: Quote, Profile, Research) DHL, which has been trying to push into the U.S. ground-delivery market.

"We don't believe that bad weather and a drop in one week of volume provides a credible explanation for the shortfall," said AG Edwards analyst Donald Broughton in a research note.

"It is our sense that the shortfall is better answered by a continued loss in market share to FedEx, coupled with higher operating costs as a result of a very 'friendly Teamsters" union contract that inhibits UPS's ability to leverage its cost structure no matter how volume fluctuates."

CSFB analyst John Barnes, who cut his rating on UPS to neutral from outperform, said in a research note that he expects the market to reexamine UPS' growth potential "given what appear to be significant challenges in the near term."

He expects the stock is "likely dead money over the next several months."

Morgan Keegan analyst Arthur Hatfield also said consumers bought gifts later in the holiday season this year, leading to increased use of overnight air delivery rather than slower ground service. While UPS noted an increase in its air business, FedEx is the name people often think about when shipping packages overnight by air, he said.

UPS is analyzing the situation to find out what led to the dip in volume, company spokesman Norman Black said. While some businesses were closed in the early part of the week after Christmas, UPS does not know if any one single factor caused the "befuddling development," he said.

Several analysts said they did not think the volume drop was limited to the last week of the year. CSFB's Barnes said total volume growth was moving at 2.5 percent before the last week of the year, a full percentage point lower than his estimate and below management's expectations.

The UPS earnings warnings, coming after an October report that third-quarter earnings fell short of analysts' estimates, "may rattle investor confidence," said Robert W. Baird analyst Jon Langenfeld.

Hatfield said: "I think what you will see is a shift of people moving from UPS to FedEx and reading the competitive issue into (this news)."

UPS shares fell $6.12 to $77.18, hitting levels not seen since October. FedEx shares ended down 94 cents to $94.47. Both companies' shares posted double-digit gains last year as the U.S. economic expansion and a surge in global trade drove profit and volume growth.

Trucking stocks also took a beating, with shares of Overnite Corp. (OVNT.O: Quote, Profile, Research) closing down 2.7 percent at $33.04 Yellow Roadway Corp. (YELL.O: Quote, Profile, Research) shares fell 69 cents to $51.75 and USF Corp. (USFC.O: Quote, Profile, Research) shares slipped 62 cents to $34.84.

UPS sited weather as one reason.....FDX had the same weather. There's something deeper going on here.