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Ups not the company you father remembers:
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<blockquote data-quote="Catatonic" data-source="post: 1104508" data-attributes="member: 7966"><p>1) Could you explain your comment "That's the real action in UPS stock and it would have happened regardless of going public or not". From the best of my recollection, UPS stock was valued around $25 per share before the IPO.</p><p></p><p>The dividend has been rather consistent - it did not jump with the IPO not did it go down with 9/11 or 2008 crash.</p><p>You are hung up on the price of UPS Stock where the real value is in the dividends.</p><p>This is what was preached to us in the 70s, 80s and some of the 90s.</p><p></p><p></p><p>2) Do you really believe that there would have been the same number of UPS multi-millionaires without going public?</p><p></p><p>Yes I do. I think the price of UPS stock by 2005 would have been the same as the price is was as a public stock.</p><p>I actually think there would be more UPS millionaires today if UPS had stayed private.</p><p></p><p></p><p>3) Also, management hypothecation loans were at an all time high.</p><p></p><p>Many of these people did not sell UPS stock to pay off their hypos (relying on dividends to pay interest) and they had their stock sold in a margin call during the 2008 crash. Then they had to sell more stock to pay the taxes on the stock involuntarily sold in the margin calls.</p><p>Many of these people lost 2/3's to 3/4's of their wealth. You may want to pity them rather than being jealous.</p><p></p><p></p><p>4) This was around the same time that we hourly were forced to sell our Thrift Plan investments ...</p><p></p><p>This was all employees not just hourlies.</p><p></p><p></p><p>5) As a side note.....interesting Insider Trading the past few months.... Sells out numbering Buys....not too difficult to figure out why???</p><p></p><p>Paying taxes on stock options awarded? Most likely why</p><p>Diversification? Probably to some extend</p><p>Top UPS executives don't believe in UPS? Not too likely</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1104508, member: 7966"] 1) Could you explain your comment "That's the real action in UPS stock and it would have happened regardless of going public or not". From the best of my recollection, UPS stock was valued around $25 per share before the IPO. The dividend has been rather consistent - it did not jump with the IPO not did it go down with 9/11 or 2008 crash. You are hung up on the price of UPS Stock where the real value is in the dividends. This is what was preached to us in the 70s, 80s and some of the 90s. 2) Do you really believe that there would have been the same number of UPS multi-millionaires without going public? Yes I do. I think the price of UPS stock by 2005 would have been the same as the price is was as a public stock. I actually think there would be more UPS millionaires today if UPS had stayed private. 3) Also, management hypothecation loans were at an all time high. Many of these people did not sell UPS stock to pay off their hypos (relying on dividends to pay interest) and they had their stock sold in a margin call during the 2008 crash. Then they had to sell more stock to pay the taxes on the stock involuntarily sold in the margin calls. Many of these people lost 2/3's to 3/4's of their wealth. You may want to pity them rather than being jealous. 4) This was around the same time that we hourly were forced to sell our Thrift Plan investments ... This was all employees not just hourlies. 5) As a side note.....interesting Insider Trading the past few months.... Sells out numbering Buys....not too difficult to figure out why??? Paying taxes on stock options awarded? Most likely why Diversification? Probably to some extend Top UPS executives don't believe in UPS? Not too likely [/QUOTE]
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