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Fire Carol Tome, UPS CEO!
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<blockquote data-quote="Well-Known Member" data-source="post: 6024985" data-attributes="member: 85066"><p>Let's try this again.</p><p></p><p>You sold stock at $205 during COVID. That stock price was due to COVID and the fact that shippers were throwing money at us to deliver their stuff. </p><p></p><p>Their net profit went from roughly $4B per year to $14B per year during COVID due to the volume of packages we had. This volume, profit and stock price was unsustainable. The volume, profit and stock price plummeted after COVID.</p><p></p><p>Well, I shouldn't really say it plummeted. It corrected. It dropped down to where it should be, or was, pre COVID.</p><p></p><p>The chart below shows the historical stock price. If you look at the red line, it represents about where the stock price should be based on typical growth.</p><p></p><p>Right about now, it should be around $130 and that is where it is. Those COVID years were an anomaly and unsustainable, no matter who the CEO was.</p><p></p><p>As for cutting sups, UPS has always had way too many sups. They always had too much money to not care. They are just trimming the fat now that the money is not there.</p><p></p><p>I have plenty of problems with Tome's leadership, but the stock price is not one of them. The stock is about where it should be.</p><p></p><p></p><p>[ATTACH=full]503963[/ATTACH]</p></blockquote><p></p>
[QUOTE="Well-Known Member, post: 6024985, member: 85066"] Let's try this again. You sold stock at $205 during COVID. That stock price was due to COVID and the fact that shippers were throwing money at us to deliver their stuff. Their net profit went from roughly $4B per year to $14B per year during COVID due to the volume of packages we had. This volume, profit and stock price was unsustainable. The volume, profit and stock price plummeted after COVID. Well, I shouldn't really say it plummeted. It corrected. It dropped down to where it should be, or was, pre COVID. The chart below shows the historical stock price. If you look at the red line, it represents about where the stock price should be based on typical growth. Right about now, it should be around $130 and that is where it is. Those COVID years were an anomaly and unsustainable, no matter who the CEO was. As for cutting sups, UPS has always had way too many sups. They always had too much money to not care. They are just trimming the fat now that the money is not there. I have plenty of problems with Tome's leadership, but the stock price is not one of them. The stock is about where it should be. [ATTACH type="full"]503963[/ATTACH] [/QUOTE]
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