I would like to talk a little more about UPS going public. Later I will tell you what a sup told me. First, I have some questions? Why didn't Jim Casey ever consider the idea in his reign ? If Jim was still living during the public offering would he have been for it ? If Jim wasn't for it, would he be considered out of touch or just plan looney by his peers and politely be ignored ? After all UPS was Jim's Pride and Joy. His baby. Funny, UPS has been around for a 100 years and just 7 years ago the acting CEO decided to go public. Hmmmm, it raises alot of questions. Perphaps selfish intentions by himself and others. Just something to think about.
Just a quick side note. Jim Casey, the great founder of UPS and I do sincerely mean that. One in a million. Jim new the meaning of labor. He was not out of touch, for he himself did alot of the grunt work in the early years of starting his company. Jim had a brother. Jim had his brother start out in delivery before making him a manager. Jim didn't just give things to people. He made them earn it, so that they would have more of a appreciation for it.
Ok this is what the sup said for all its worth. LOL UPS like all companies gives out their quarterly earnings. Now what happens next is mainly done by the upper mgt on up. Maybe some of the cms. Reason being is that you need alot of UPS stock to do it. Lets say the stock is at $75 a share at the beginning of the quarter. UPS brass, will than tighten the finacial infastructure belt spending, example being no or very little pkg cars,planes, feeder trucks etc,etc being bought, no ft drivers being hired, sups doing the hourly work(remember pension, H & W benefits), and they even go as far as how many text messages can be sent in the diads, Wow. True folks. We got a mess a week ago not to send our eta and stops over the diad(cost saving measure). We have to call it in. Hmmmm, I guess they want us to call it in using OUR cell phones. The list goes on and on as to what they will cut back on.
Now, at the end of the quarter the earnings should go up, due to the deep cut backs. Thus the stock should and will go up. Lets say from $75 to $79. They sell the stock. If you have a stock pile of stock that could be a nice chunk of change. Folks, it dosen't stop here. It keeps going. The next up coming quarter they do the opposite. Spend, spend and spend(infastructure,China expansion) to lower the earnings. At the end of the quarter the stock could go from $79 to lets say $74 due to lower earnings. Than the cycle starts all over again. They buy buy buy. Tighten the belt. Earnings rise. Stock goes up Wait for the quarter to end and sell sell sell. What would Jim Casey say about that? Incredible. I believe Jim had strong ethics. The stock market. Is it just another form of gambling. Perphaps. I know all my 401k monies is tied up in it. For those of us who believe in the Bible. Gambling is a sin. I guess if its wrong. Im guilty. Just something to think about. Debatable. area 43 out.
Just a quick side note. Jim Casey, the great founder of UPS and I do sincerely mean that. One in a million. Jim new the meaning of labor. He was not out of touch, for he himself did alot of the grunt work in the early years of starting his company. Jim had a brother. Jim had his brother start out in delivery before making him a manager. Jim didn't just give things to people. He made them earn it, so that they would have more of a appreciation for it.
Ok this is what the sup said for all its worth. LOL UPS like all companies gives out their quarterly earnings. Now what happens next is mainly done by the upper mgt on up. Maybe some of the cms. Reason being is that you need alot of UPS stock to do it. Lets say the stock is at $75 a share at the beginning of the quarter. UPS brass, will than tighten the finacial infastructure belt spending, example being no or very little pkg cars,planes, feeder trucks etc,etc being bought, no ft drivers being hired, sups doing the hourly work(remember pension, H & W benefits), and they even go as far as how many text messages can be sent in the diads, Wow. True folks. We got a mess a week ago not to send our eta and stops over the diad(cost saving measure). We have to call it in. Hmmmm, I guess they want us to call it in using OUR cell phones. The list goes on and on as to what they will cut back on.
Now, at the end of the quarter the earnings should go up, due to the deep cut backs. Thus the stock should and will go up. Lets say from $75 to $79. They sell the stock. If you have a stock pile of stock that could be a nice chunk of change. Folks, it dosen't stop here. It keeps going. The next up coming quarter they do the opposite. Spend, spend and spend(infastructure,China expansion) to lower the earnings. At the end of the quarter the stock could go from $79 to lets say $74 due to lower earnings. Than the cycle starts all over again. They buy buy buy. Tighten the belt. Earnings rise. Stock goes up Wait for the quarter to end and sell sell sell. What would Jim Casey say about that? Incredible. I believe Jim had strong ethics. The stock market. Is it just another form of gambling. Perphaps. I know all my 401k monies is tied up in it. For those of us who believe in the Bible. Gambling is a sin. I guess if its wrong. Im guilty. Just something to think about. Debatable. area 43 out.
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