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UPS Partners
Redesigned mip
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<blockquote data-quote="pretzel_man" data-source="post: 51944"><p>Tieguy: </p><p> </p><p>I have no reason to shine the turd. I speak what I believe. </p><p> </p><p>You think the MIP plan is the turd. I think no growth is the turd. The old MIP plan just put perfume on the turd. At least we are forced to smell it now, and maybe we'll do something about it. </p><p> </p><p>Your belief that the stock would be higher if we were private is unfounded. The facts show otherwise. </p><p> </p><p>When UPS was private, we valued ourselves with a PE ratio of between 12 and 14. </p><p> </p><p>As a public company, we are valued anywhere from 23 to 29. Nearly double what we valued ourselves when private. </p><p> </p><p>So, think about the facts. If we were still private, why would the board all of a sudden value us at the 23+ PE we are now. We'd be back to the 14 range. We'd be maybe 40% less valuable than today. </p><p> </p><p>I'm not saying that that's bad, either. Like I said, I'm here for the long term. </p><p> </p><p>Growth is growth. Whether your PE hovers at 25 or at 14.... Grow the company, and stock value will grow. </p><p> </p><p>By the way, did you forget all the meetings where the board only raised the stock 25 cents? Were you around then? Management committee members used to get quarters in their house mail. </p><p> </p><p>The root of the problem then is the sam as today. No growth.... </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 51944"] Tieguy: I have no reason to shine the turd. I speak what I believe. You think the MIP plan is the turd. I think no growth is the turd. The old MIP plan just put perfume on the turd. At least we are forced to smell it now, and maybe we'll do something about it. Your belief that the stock would be higher if we were private is unfounded. The facts show otherwise. When UPS was private, we valued ourselves with a PE ratio of between 12 and 14. As a public company, we are valued anywhere from 23 to 29. Nearly double what we valued ourselves when private. So, think about the facts. If we were still private, why would the board all of a sudden value us at the 23+ PE we are now. We'd be back to the 14 range. We'd be maybe 40% less valuable than today. I'm not saying that that's bad, either. Like I said, I'm here for the long term. Growth is growth. Whether your PE hovers at 25 or at 14.... Grow the company, and stock value will grow. By the way, did you forget all the meetings where the board only raised the stock 25 cents? Were you around then? Management committee members used to get quarters in their house mail. The root of the problem then is the sam as today. No growth.... P-Man [/QUOTE]
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