thrift plan
- Thread starter keithurban
- Start date
brownmonster
Man of Great Wisdom
I believe the split adjusted price of the stock when the thrift plan changed was $13.50. So at a price of $75 or so now I think it's up quite a bit more than 100%.
tieguy
Banned
Is this the "thrift plan" that some old-timers in a neighboring state had $150-200 thousand dollars in?
Yep and the same thrift plan they then had 300 to 400 thousand of UPS stock afterwards.
Is this the "thrift plan" that "our" (there's that word again) company just up and said, "OOPS!, we changed "our" mind.....you all gotta buy "our" stock with that money now".
Yep stock that then doubled through the IPO. Good positive reminder. I'm surrprised that you would try to remind everyone of how the company doubled their money with this change. You're usually so negative.
Yep and the same thrift plan they then had 300 to 400 thousand of UPS stock afterwards.
Is this the "thrift plan" that "our" (there's that word again) company just up and said, "OOPS!, we changed "our" mind.....you all gotta buy "our" stock with that money now".
Yep stock that then doubled through the IPO. Good positive reminder. I'm surrprised that you would try to remind everyone of how the company doubled their money with this change. You're usually so negative.
trickpony1
Well-Known Member
It's amazing.
The lack of reading comprehension must be a common denominator among management because not one but TWO management posters completely missed the point of my post (#9) which was;
.......if management up and changed their mind about the thrift plan, who's to say they (the company) wouldn't do the same thing if they assumed control of the health, welfare and pension?
My point WAS NOT about how well everyone has done since the conversion, which both management posters seemed to focus on.
I agree with another poster who said, essentially, "who do I trust the lest?"
I will try to be more clear and concise in my posts for those who seem to be academically challenged.
By the way, it's "C'est la vie" not "Ce Le Vie".......but that's okay, I understand.
The lack of reading comprehension must be a common denominator among management because not one but TWO management posters completely missed the point of my post (#9) which was;
.......if management up and changed their mind about the thrift plan, who's to say they (the company) wouldn't do the same thing if they assumed control of the health, welfare and pension?
My point WAS NOT about how well everyone has done since the conversion, which both management posters seemed to focus on.
I agree with another poster who said, essentially, "who do I trust the lest?"
I will try to be more clear and concise in my posts for those who seem to be academically challenged.
By the way, it's "C'est la vie" not "Ce Le Vie".......but that's okay, I understand.
brownmonster
Man of Great Wisdom
Actually Tie they Qaudrupeled their money if you look at $26.25 original price, rose to about $51, then split and went public in the $70's.
badpal
Well-Known Member
Yes the best 6 dollars a week i ever invested.
badpal-so true, don't know any of my other investments have done so well. the one's bashing it must be the ones that left their money in the thrift plan and have collected 4% ever since. More than likely at the time they took the assumption, "this can't be good if UPS wants us to do it".
How come everybody I talk to at my UPS is telling me the thrift plan no longer exists and that there can't possibly be people with money still in there. I talked to both workers and management people about this, I don't know where all you folks live, like the guy who said he has 22,000 in it collecting 900 dollars a year interest. but where i'm from, the consensus is the thrift plan is gone with no money in it...maybe Tie could help out on this one..
T
Thrift Plan
Guest
If you never ended your thrift plan, UPS stock was automatically purchased for you, OPL stock as well, if I remember correctly. You would be paid dividends on however many shares you have, as well as the couple bucks you got in the OPL debacle.
When OPL finally closes it doors for good, you should be able to take a capital loss to offset whatever gains you've had. For hourly, that could be considerable. For management, well let’s just say they have other tax consequences.
When OPL finally closes it doors for good, you should be able to take a capital loss to offset whatever gains you've had. For hourly, that could be considerable. For management, well let’s just say they have other tax consequences.
brownmonster
Man of Great Wisdom
After the thrift plan was eliminated, foolish employees(the same people who have their 401k 100% in fixed rate) whined and the union agreed that the thrift plan should keep going as it was. A few saps are still in it.
tieguy
Banned
Trick I'm sorry. I realized when I read your post that you were trying to create another demoralizing negative moment concerning the thrift plan. I knew you were trying to sell the company is out to screw you theme. However I also know how important honesty and integrity is too you and I could not go along with your little dishonest ploy. The fact is that anyone involved with the close of the thrift plan who either kept their money in the plan or kept it in UPS stock easily made a ton of money. My integrity would not let me go along with your little misinformation campaign. I apologize that my integrity prevented me from spinning the same bull**** lies that you were trying to spin. I hope you can find it in your dishonest heart to forgive me.
tieguy
Banned
Wow Trickpony knows how to spell one french expression but does not know UPSers made a ton of money on the closing of the thrift plan. I am reaaaaaaaallllllly impressed.
badpal
Well-Known Member
Yes i know a couple guys still in it .They did not open the "window of opportunity" lol anybody else remember that slogan
