And you think $54 is the lowest it could go? Dream on! Knock yourself out and buy all you want!
I have to agree with Race on this one. The stock can go much lower. I would like to bring Cisco up as an example. During the 1990's it was a HUGE winner making its employees and investors who got in around 1990 very rich.
Then in March of 2000 the price began to fall. It was and is still a great company with a healthy balance sheet (last time I checked, but could be very wrong) just like UPS but the stock fell from about $75/ share in early 2000 to under $20 by 2001.
I just looked it up and it closed at$23 on 8/6 with a 52-week high of $34. The stock was trading well above $75 in the late 1990's, even when we take into account spits which I don't have the information.
I think my point can still be made that I think many smart people said Cisco was a BUY at $75 because it had fallen so much, yet 8 years later its at 1/3 of that value.
So I just want to say BE CAREFULL! Don't take advice from your managers at UPS. Their business is boxes, not financial advice. It sounds nice to be able to buy something at a 10% discount, but just keep in mind what you're buying can lose its value quicking especially when its performance is tied to volatile oil prices!
Heck, UPS can go to zero or 2-3 bucks a share. Don't think so? Talk to the people at Enron or Sun-Micro, or Nortel. Get my point?