MIP, Pension etc

[klein]

Looking back, fortunately, I sold a lot of UPS stock at almost the exact top for that time. Unfortuately, I plowed most of it back into other equities and am certainly no better off.
But, one thing to give some serious consideration to: I think it would be fair to say that the management at GM had similar feelings and programs with their stock as we do with our UPS stock. I am sure that most of them had disproportionate amount of their net worth tied up in their stock and were very confident that it would serve them better than the overall market. I am sure they believed their company was too big to fail. But as it turns out, everything they had invested in their company stock is worth exactly nothing today. You have to feel for them. Don't believe that anthing on this earth is a sure thing.

Plus you forgot the 10% discount going to 5%.
That stopped me from purchasing them. Figured screw those 5%, I can get a larger return elsewhere.
And, I bet a lot of employees are thinking and doing the same.
Which equals less share buyers, = lower or just moderate stock prices.

 

[UnconTROLLed]

Package volume is higher right now than it was last Labor Day or two Labor days ago, so to say we need packages back is IMO incorrect.

 

[Just Numbers]

Plus you forgot the 10% discount going to 5%.
That stopped me from purchasing them. Figured screw those 5%, I can get a larger return elsewhere.
And, I bet a lot of employees are thinking and doing the same.
Which equals less share buyers, = lower or just moderate stock prices.

Since I believe you no longer work for UPS I quess you lost out on the 5% discount also. By the way the average daily volume for the past 10 days on UPS stock is 3.7 million shares.

 

[Catatonic]

Package volume is higher right now than it was last Labor Day or two Labor days ago, so to say we need packages back is IMO incorrect.

Don't know in what reference you are saying that but that is not even close to being the case. Maybe it is closer in regards to just ground but not as a whole which is down 4.7%.

But I wish it was true ... man do I wish it was true.

 

[Just Numbers]

Package volume is higher right now than it was last Labor Day or two Labor days ago, so to say we need packages back is IMO incorrect.

Are you living in the same world everyone else is? Over 14 million people are out of work...do you think they increased their purchases?

 

[klein]

Since I believe you no longer work for UPS I quess you lost out on the 5% discount also. By the way the average daily volume for the past 10 days on UPS stock is 3.7 million shares.

Why take a 5% chance ?
here's a tip : natural gas at a 28 yr old price, even though we have the same or more homes to heat, as last yr.
Invest, and earn 500%.

 

[UnconTROLLed]

Are you living in the same world everyone else is? Over 14 million people are out of work...do you think they increased their purchases?

In our large hub of over 350k packages a day, the package volume this Labor Day is up over the past 2 Labor Days. That's all. If you want to call it a statistical anomaly, so be it.

 

[1989]

Why take a 5% chance ?
here's a tip : natural gas at a 28 yr old price, even though we have the same or more homes to heat, as last yr.
Invest, and earn 500%.

While I agree with your theory on NG. I do think we will see $2 or lower first. Also playing natural gas with UNG is very risky do to the 13.44% premium built into it.

 

[klein]

While I agree with your theory on NG. I do think we will see $2 or lower first. Also playing natural gas with UNG is very risky do to the 13.44% premium built into it.

No, you just buy shares from a well know natural gas company.
If your really smart, from the TSE (Toronto stock exchange, in CDN dollars).
Or even a mutual fund with natural gas funds.
And, you'll make a atleast a 10% return on currency exchange, too. Because , the cdn dollar will rise 10% within 12 mths , forsure.

But, yes, only way is up. I disagree with $2.00, since winter is just around the corner.

 

[NHDRVR]

Seems like this year will be the last year for MIP & traditional pensions for supervisors & managers......what is saved will be used to help fund UPS getting out of the 6 billion dollars Central States hole....The pension & Mip will be replaced by a bigger 401k match and be portable.......Divion Managers & above will have enhanced compensations & their options price point will be rolled back to what it was when they first entered full time management.......Im not sure what that means but it sure sounds pretty good......I dont think that UPS wants any lower level management around for very long....not with so many of the specialists & oms's .......its either going to be up or out for management.....maybe there will be specific time frames attached to each level.....who knows ?....I have much to consider

I won't even try to pretend I know a hell of a lot about the central states pension issue other than UPS threw a ton of money at it to get out of it.

To bottom line your point, Both management and hourly better hope the proper channels are being explored to make sure we get a pension when all is said and done.

Not one of us has signed a contract promising us a pension when we retire...

 

[pretzel_man]

In our large hub of over 350k packages a day, the package volume this Labor Day is up over the past 2 Labor Days. That's all. If you want to call it a statistical anomaly, so be it.

The only volume that matters is pickup volume. When you say hub, I'm betting you are counting flow through volume. Unless territory was moved from another building into yours, its very unlikely that pickup voume is higher in your center.

P-Man

 

[UnconTROLLed]

The only volume that matters is pickup volume. When you say hub, I'm betting you are counting flow through volume. Unless territory was moved from another building into yours, its very unlikely that pickup voume is higher in your center.

P-Man

Well we have 4 centers and roughly 260 drivers. The pickups to my knowledge are about even the past few years, one center is down, one is up, the other two are about even. I was talking actual package movement/processing, though, yes. The "flow through volume" is definitly at least slightly higher.