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For those financially concerned about a strike…. How to cover your self
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<blockquote data-quote="Commercial Inside Release" data-source="post: 5657706" data-attributes="member: 93336"><p>Cost of labor going up, still has to be fought out... Meanwhile, the difficult negotiations have not made the stock go down. The stock price has gone up more than 17points, and is still rising after hours. Plus, UPS has delayed their earnings report, most likely because it shows a whopping profit that will harm their negotiation position.</p><p></p><p>Haven't really dug around to find out what exactly is going on, but I wouldn't place any puts at this time. It looks unlikely they will pay off. Unless there is a strike, and it goes on for a while... But, I'm starting to think Carol might have something planned to try and show the company can maintain a baseline operation, in order to weaken the strike. There are a lot of things around now, that weren't around in 97. Access points, a legion of gig workers, automated sort facilities, an army of contracted feeder drivers, and UPS 's own gig delivery company Roadie.</p><p></p><p>I would just wait until next week's negotiations paint a picture of where we are going, and likely just buy the dip after August. Way less risk. It would take a major public meltdown by UPS, to tank the stock for any length of time.</p><p></p><p>Remember, they have a good earnings report (probably,) back to school orders are rolling in and then the start of peak in October... I'll just buy low and cash out later in January.</p><p></p><p>*Not advice, just incoherent ramblings to imaginary friends.</p></blockquote><p></p>
[QUOTE="Commercial Inside Release, post: 5657706, member: 93336"] Cost of labor going up, still has to be fought out... Meanwhile, the difficult negotiations have not made the stock go down. The stock price has gone up more than 17points, and is still rising after hours. Plus, UPS has delayed their earnings report, most likely because it shows a whopping profit that will harm their negotiation position. Haven't really dug around to find out what exactly is going on, but I wouldn't place any puts at this time. It looks unlikely they will pay off. Unless there is a strike, and it goes on for a while... But, I'm starting to think Carol might have something planned to try and show the company can maintain a baseline operation, in order to weaken the strike. There are a lot of things around now, that weren't around in 97. Access points, a legion of gig workers, automated sort facilities, an army of contracted feeder drivers, and UPS 's own gig delivery company Roadie. I would just wait until next week's negotiations paint a picture of where we are going, and likely just buy the dip after August. Way less risk. It would take a major public meltdown by UPS, to tank the stock for any length of time. Remember, they have a good earnings report (probably,) back to school orders are rolling in and then the start of peak in October... I'll just buy low and cash out later in January. *Not advice, just incoherent ramblings to imaginary friends. [/QUOTE]
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