No way. They just authorized a 2 billion dollar stock buy back. If we get an improved offer; maybe they only will be able to buy back a billion dollars worth of stock. This offer is so bad the next offer will still save them a ton of money.
UPS always has buy backs going on.
The more i think about it the more I'm hoping you folks vote down the offer so I can get my 6 billion back.
The 6 billion is an investment that will pay for itself in spades.
maybe , maybe not. All depends on whether CS continues to spiral downward. If CS rebounds to good health then UPS lost the gamble and lost the 6 billion
If the 6 billion was going to hurt UPS and it share holders; Do you think they still would be buying back the 2 billion dollars worth of stock? You buy back stock because you believe it is undervalued.
individuals do , companies buy it back to bring up the value or to use for stock awards.
I this contract passes; watch UPS keep buying back billions worth and if the stock price still is stagnant; watch em take it back private
very , very doubtfull.
The 6 billion is an investment that will pay for itself in spades.
maybe , maybe not. All depends on whether CS continues to spiral downward. If CS rebounds to good health then UPS lost the gamble and lost the 6 billion
If the 6 billion was going to hurt UPS and it share holders; Do you think they still would be buying back the 2 billion dollars worth of stock? You buy back stock because you believe it is undervalued.
individuals do , companies buy it back to bring up the value or to use for stock awards. A ha 2 billion more dollars worth of stock awards and options. Good for you
I this contract passes; watch UPS keep buying back billions worth and if the stock price still is stagnant; watch em take it back private
very , very doubtfull.
Is it possible that UPS is dum enough to risk a strike if this contract is voted down?
dum: same as stoopid, mooranic or UPS management
dum: same as stoopid, mooranic or UPS management
Let us quit this stupid talk, there will be no strike if this contract is voted down. Does anybody remember the current contract does not expire till 1 August 2008. That 6 billion withdraw liability buyout is a done deal between the Central States trust and UPS, what came first the chicken or the egg, think about it. If UPS wants to continue to remain in the Central States trust after January "08" the liability price tag goes up, how much who knows, they have professionals that figure that stuff out.
Also try to remember that it is the Feds that will stepping in if this issue is not resolved, and I am guessing both the company and the union does not want them snooping around in their dealings over this pension and health and welfare fiasco.
not trying to scare anyone but when it gets to the point where the feds step in, permanent damage will have been done to our business.
This is the real power of the Union. Give us a fair deal or we will damage the business. Should we want to put UPS out of business? No, that would be stupid. But those of us with the time know that UPS does not give their best offer first, ever.
Let the Feds step in I say....
I voted no. If it comes to a strike vote, I will vote yes.
If you think you are somehow immune to the consequences of a strike then you really are too slow.