Sell off my stock before the 2013 contract?

Discussion in 'UPS Discussions' started by hellfire, May 18, 2012.

  1. hellfire

    hellfire no one considers UPS people."real" Teamsters.-BUG

    allright, anyone else gonna try to get rid of as much as possible? I hate to say it but i think a strike is a maybe, its bad now, i even hear my sups openly criticizing the current conditions and there disparity regarding the future.. Are we fools not to try to dump it ?
  2. orangeman

    orangeman New Member

    no, but watch that stock and buy when you see UPS buy back its own stock--it's all part of their evil plan
  3. cachsux

    cachsux Wah

    Not at this moment.
  4. Richard Harrow

    Richard Harrow Deplorable.

    That's usually done during the last week of the open quarter. They buy back stock, driving up the price, so you get less with your meager employee discount.
  5. Anonymous 10

    Anonymous 10 Guest

    I'm keeping it we will never strike again. Too much to lose for either side. I am going to vote a big old FAT NO on whatever contract thats presented. I think this is our only option.
  6. Jackburton

    Jackburton Gone Fish'n

    I don't own any UPS stock as I work here, I prefer to diversify. The current employee discount is a joke and forces you to hold it for 2 years.
  7. Harry Manback

    Harry Manback Robot Extraordinaire

    I couldn't agree more. Big Mama has laid the foundation to come to the table with an ultra strong pimp hand. She's gonna want a lot. IBT is gonna say "show us the money". She will. What we'll end up with is an environment more hostile than ever, making more money than we deserve, while our less senior colleagues are making less than they deserve. Big Mama will thin the herd with extreme prejudice , and Jimmy and Ken will be too busy counting the money to notice. I live in a RTW state, I know most of the folks I work with will not even bother to look at the proposals much less actually vote. I urge everyone to pay attention to what's going on around them, and start giving a crap about your future. Your children's future.
  8. Anonymous 10

    Anonymous 10 Guest

    And to vote no also?
  9. Coldworld

    Coldworld Taking it all back.....

    Out of curiosity, has the union started "brainstorming" with ideas of what they might bring to the table in 2013? If so has anyone been to any of these meetings?
  10. Harry Manback

    Harry Manback Robot Extraordinaire

    Yea, I thought I quoted you, but I guess I didnt :(
  11. brown bomber

    brown bomber brown bomber

    glad I sold as much of my stock as possible this past summer @ 74.26/ share, prior to my retirement....made a decent profit....might have done a bit better had I held until this year, but I'm happy........still hold quite a few shares that I was unable to dump because of dividend reinvestment...all dividends now are paid in cash...I should be able get rid of the reinvested shares within the next year
  12. Coldworld

    Coldworld Taking it all back.....

    brown, at any point at ups were you given talking about your early years??? Were drivers ever given stock??
  13. alexboy1

    alexboy1 New Member

  14. Monkey Butt

    Monkey Butt Dark Prince of Double Standards Staff Member

    I'm not aware of UPS giving stock to anyone in the 39 years I been with the companies.
  15. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    We had one of these meetings earlier this year. The focus was on increasing the starting pay of PTers to $10/hr and to clarify and strengthen the union's position on the companies use of technology for discipline. The FTers in attendance were more concerned with our benefits and pension as opposed to a pay raise. My personal request was for the company to relax the policy on facial hair.
  16. 3876525

    3876525 New Member

    Do is it worth buying stocks and do you tell them the amount you want them to come out of your check
  17. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    I'll answer the second part first. You sign up for DSSP and designate how much you want taken out of your check each week. When you have enough money set aside to buy stock it will be bought for you at a 5% discount.

    Now for the first part. UPS stock is only worthwhile if you have enough shares to take advantage of the dividend reinvestment; otherwise the value of the stock does not grow enough to make it worthwhile.
  18. Richard Harrow

    Richard Harrow Deplorable.

    Our worlds aren't that far apart after all. I wouldn't take a raise for 5 years if I were allowed to wear long sideburns on the job. I seriously doubt it would ever happen in either of our careers, but one day UPS might just take notice that the customer really doesn't care if the FedEx or DHL guy looks like he belongs to the Hell's Angels, so long as they can move the package cheaper than us.
  19. anonymous4

    anonymous4 Active Member

    You would give up raises for 5 years if it meant you could wear sideburns? Good god...
  20. Re-Raise

    Re-Raise Well-Known Member

    The stock could definitely take a hit if investors start to think a strike may be possible.

    If both sides negotiate in good faith early enough, and don't take their rhetoric public, it shouldn't be a problem.

    Because the labor costs are such a huge factor for UPS as a business, investors would be remiss if they didn't follow the progress of the negotiations.