Employee owned stock
- Thread starter brownmonster
- Start date
UpstateNYUPSer(Ret)
Well-Known Member
I'm not sure what you mean by penalty.
Less than a year, short term capital gains
Sell It. and dont get yourself in debt
brown metal coffin
Well-Known Member
Im not sure that I agree that the stock is dead. Just 3 years ago it was $73.08 and today it closed at $104.52 which means it has gone up $31.44 a share in just that time span.
http://finance.yahoo.com/q/hp?s=UPS&a=06&b=16&c=2011&d=06&e=17&friend=2011&g=d
Also you are receiving a reinvestable dividend from a yield of 2.68% which purchases more stock without any additional charge to you. Also if my calculations are correct we receive a 5% discount on the purchase from automatic withdrawal in addition to the 2.68% dividend; it would seem that off the rip your making 7.68% on your money invested.
Finally there is no commission fee to buy stock when there is payroll withdraw which is another nice savings. It is just my opinion that its not dead and we are 1 of 3 major players in the shipping universe. I think it has no where to go but up.
http://finance.yahoo.com/q/hp?s=UPS&a=06&b=16&c=2011&d=06&e=17&friend=2011&g=d
Also you are receiving a reinvestable dividend from a yield of 2.68% which purchases more stock without any additional charge to you. Also if my calculations are correct we receive a 5% discount on the purchase from automatic withdrawal in addition to the 2.68% dividend; it would seem that off the rip your making 7.68% on your money invested.
Finally there is no commission fee to buy stock when there is payroll withdraw which is another nice savings. It is just my opinion that its not dead and we are 1 of 3 major players in the shipping universe. I think it has no where to go but up.
2009 or 2008, it was $38 bucks a share
brown metal coffin
Well-Known Member
I remember that like it was yesterday. Even Fed Ex was at $45 a share but I couldn't bring myself to by it.
SignificantOwner
A Package Center Manager
11/10/99 it closed at $68 and change if I remember correctly. R.I.P. buy and hold.
Brownslave688
You want a toe? I can get you a toe.
I was at McDonald's having lunch. The day of the monster drop. The market was ticking down almost as fast as the debt was ticking up.
I sold mine at a huge gain...almost zero capital gains......I will never buy them again.
retiredTxfeeder
cap'n crunch
Not sure how it is nowadays, but a jillion years ago, when rank and file was just being able to buy stocks, I was told that UPS management received preferred stock, and hourly received common stock. Was it 2 different levels? If that was the case, rank and file will just get crumbs. It kept me from investing in stock. instead 15% went into the 401k every week.
Re-Raise
Well-Known Member
All stock bought through the DESPP is class A , just like the stock management receives.
The only difference between class A and class B that the general public gets is that class A has 10 times the voting rights.
I am an hourly worker and I bought as much as I could afford as soon as it became available to us. I owned a lot before we went public.. along with OPL .. if anyone remembers that.
brown metal coffin
Well-Known Member
Im not 100% percent sure but I think all of the stock that the UPS employees have is class A stock and the general public can only purchase class B stock. I think the only real difference between the two is that ours counts a lot more in value in regards to voting shares than the class b.
Opl = IRS nightmare for UPS.
Can't dodge, Uncle Sam!
Re-Raise
Well-Known Member
It shows you what a money maker our package insurance is. That is why you never really hear much about limiting damages.
It is like why the homeowner insurance man doesn't mind a few house fires. It makes it easier to sell insurance to all the neighbors.
beentheredonethat
Well-Known Member
Part of the compensation package for mgmt is getting stock. Years ago, the MIP was based on 15% of the profits of the company. Now it's some made up numbers and no where near 15% of the profits. How is we get it free, when that's part of compensation, similar to how health care is part of compensation for both mgmt and hourly.
The tax man was not happy with the accounting on the OPL stock...that Is a big part why, Brown went public
Jackburton
Gone Fish'n
And if you look at the news section not to long ago the BoD voted to keep class A shares with preferential voting rights. Imagine that.
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