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A Good Peak Season Memory?
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<blockquote data-quote="Catatonic" data-source="post: 1070845" data-attributes="member: 7966"><p><span style="color: #000000">The only thing that is comparable is the pension and the healthcare.</span></p><p></p><p><span style="color: #000000">1) You and other drivers (and many did invest) had the ability to buy stocks or other investments just as I did with UPS stock. Most management's monthly salary is about the same as a driver working 45 hours per week.</span></p><p></p><p><span style="color: #000000">2) The 401 k match is 3% match - better than nothing but not much. The Teamsters never negotiated that into the contracts and in fact they fought against it. They wanted the money where they could get their hands on it - the pension funds.</span></p><p></p><p><span style="color: #000000">3) Dividends is a function of the stock - which does not have to be UPS stock.</span></p><p></p><p><span style="color: #000000">4) My pension we have already discussed.</span></p><p></p><p><span style="color: #000000">5) I own very little UPS stock - I have sold it and reinvested over the years and will have none by 1/1/2013.</span></p><p><span style="color: #000000">UPS stock is not that great a stock due to the low yield on it's dividends. I own over 20 stocks that pay better dividends than UPS stock does.</span></p><p><span style="color: #000000">Bottom line - UPS needs to be making more profits and paying higher percent dividends before I would be interested in owning any.</span></p><p><span style="color: #000000">The outlook for that happening is very bleak since UPS pays very high Union wages and has pension obligations that weigh it down versus the competition that does not. </span></p><p><span style="color: #000000">While UPS stock is not that great, the main reason I will own none is that my pension and healthcare is coming from UPS funds. It does not make sense to have that much concentration of my cash flow and wealth tied up with UPS.</span></p><p></p><p><span style="color: #000000">6) No one has to try and fool you ... you take care of that yourself. </span> <img src="/community/styles/default/xenforo/smilies/group1/wink.gif" class="smilie" loading="lazy" alt=":wink:" title="Wink :wink:" data-shortname=":wink:" /></p><p><span style="color: #000000"></span></p><p><span style="color: #000000"></span></p><p><span style="color: #000000"></span></p></blockquote><p></p>
[QUOTE="Catatonic, post: 1070845, member: 7966"] [COLOR=#000000]The only thing that is comparable is the pension and the healthcare.[/COLOR] [COLOR=#000000]1) You and other drivers (and many did invest) had the ability to buy stocks or other investments just as I did with UPS stock. Most management's monthly salary is about the same as a driver working 45 hours per week.[/COLOR] [COLOR=#000000]2) The 401 k match is 3% match - better than nothing but not much. The Teamsters never negotiated that into the contracts and in fact they fought against it. They wanted the money where they could get their hands on it - the pension funds.[/COLOR] [COLOR=#000000]3) Dividends is a function of the stock - which does not have to be UPS stock.[/COLOR] [COLOR=#000000]4) My pension we have already discussed.[/COLOR] [COLOR=#000000]5) I own very little UPS stock - I have sold it and reinvested over the years and will have none by 1/1/2013. UPS stock is not that great a stock due to the low yield on it's dividends. I own over 20 stocks that pay better dividends than UPS stock does. Bottom line - UPS needs to be making more profits and paying higher percent dividends before I would be interested in owning any. The outlook for that happening is very bleak since UPS pays very high Union wages and has pension obligations that weigh it down versus the competition that does not. While UPS stock is not that great, the main reason I will own none is that my pension and healthcare is coming from UPS funds. It does not make sense to have that much concentration of my cash flow and wealth tied up with UPS.[/COLOR] [COLOR=#000000]6) No one has to try and fool you ... you take care of that yourself. [/COLOR] :wink: [COLOR=#000000] [/COLOR] [/QUOTE]
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