This was announced back during peak to take effect after the 1st quarters earnings were announced
discount employee stock purchase plan- this news was posted a while back. I understand the 10-5% decrease, but the average sale price was a good thing in the past.
Yes, it said that in the letter I got today. How'd I miss that news???
IDK up here it was a recorded pcm, it was the same day they cut 401k contributions for non union employees and froze salaries of ft management
You mean how we got it at the lower of the first day and last day of the quarter. NOW, they get to keep all this money they collect each pay period, and collect interest on it (which they've always done), except now it no longer matters what the low price was.
Not even close to the great deal it used to be.
Yes, it said that in the letter I got today. How'd I miss that news???
You mean how we got it at the lower of the first day and last day of the quarter. NOW, they get to keep all this money they collect each pay period, and collect interest on it (which they've always done), except now it no longer matters what the low price was.
Not even close to the great deal it used to be.
Ouch!
The DESPP discount has been reduced from 10% to 5%.
Also the price is now based on the stock price on the last day of the quarter (instead of the lowest of first day or last day).
Comments?
... Think about it. The stock hasn't done well since the IPO. With Fed-Ex crawling up our back, I think the best days are behind UPS as far as stock price?
I have no doubt my UPS stock will be pissed away on my children.
When I retire, I fully intend to sell and just piss off that money on some extravagance.
Maybe, that extravagance will be spent on food and shelter in my elder years.
The low for UPS on 3/9 was $38.30 and it has gained nearly 34% since then! It has come down a bit since we missed Q1 earnings - time will tell if the stock retraces to the March lows but I doubt it.we may all wish we had bought some with the 5 percent discount when it was in the low 40's.
Heck no! I've been buying stocks like crazy the last month. I only wish I had been more aggressive but hindsight is 20/20.Anyone else out there put a virtual stop to any NEW investing like I have lately?
Sure the stock market has sucked in the past year but for those who got out of the market the first couple of months this year the market is up over 20% the past 6-7 weeks. Now you can buy back what you sold at a much higher price.