H
hseofpayne
Guest
When E friend hutton speaks, people listen!
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hseofpayne
Guest
Headed out to trade one issued class B UPS share of stock for almost a full tank of gas and one koozie for my Bud! P.S. The old bastard misspelled "started" too!Oh so hes not working on being a sup?lol
1989
Well-Known Member
Have some repect...That's Mr. Old Bastard to you...I was lucky to spell entitlement correct.
looper804
Is it time to go home yet
I'm no old fart at 43.I had gotten into the thrift plan in 86 and was doing well till we were told we had to get out and invest 1/2 in the stock plan.I have no problem with it,I buy stock weekly thru payroll and enjoy owning it but there are 2 "old farts in my building that never got out of the thrift plan(that's right,we didn't have to get out) and their return was 100% for I think 3 years in a row.
brownmonster
Man of Great Wisdom
Share price adjusted for split is about 5 times more now than when the thrift plan was converted.
Leftinbuilding
Well-Known Member
I too was in the old Thrift Plan and rolled it all into stock when that became available. I benefited greatly when it went public, but recently have become frustrated with the stagnation. Up a buck, down a buck. No real growth, and to be honest, no real potential for growth. Unless the competition folds, UPS has pretty much maxed out. Not being negative, only trying to be realistic. Anyway, said all that to say, I rolled out of UPS and into some other investments last week. After talking to my investment guy, it was a no-brainer. Time to get off the treadmill and start making some money. Only regret is, I didn't do it sooner.
UpstateNYUPSer(Ret)
Well-Known Member
What in the hell are you talking about?!
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hseofpayne
Guest
Seems like I remember back then that UPS was tired of paying the administrative(big word) costs and wanted out. Anybody else remember why?
UpstateNYUPSer(Ret)
Well-Known Member
No thoughts but good job on spelling "administrative".
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hseofpayne
Guest
What was the step between the Thrift Plan and $1.2 mil in stock, pure cocaine?!
UpstateNYUPSer(Ret)
Well-Known Member
This was a long time ago and I don't recall the details as I was a new driver at that time and he was on his way out the door but I was told that he cashed in his thrift plan and put it all in to stock and went from $180K to $1.2M. I have to admit that I just did the math and the numbers just don't add up. $180,000/$20 (IPO price) = 9000 shares. 9000 shares which he then sold when the stock jumped to $80 netted him $720,000 so I guess the figures which were told with the story must have grown with each telling. While the figures may not be accurate I do know that he made a substantial profit as a result of the IPO. Sorry for the post but the gist of the story is that he made a killing on the IPO.
UpstateNYUPSer(Ret)
Well-Known Member
Fine, I will admit it:
I MADE A MISTAKE!!!
Boy, that felt good.
I MADE A MISTAKE!!!
Boy, that felt good.
1989
Well-Known Member
On 11/12/1996 the stock price was $14.125
JustTired
free at last.......
Thanks for clearing that up for me, all.
BTW, as far as living goes, the 60s were not before my time.
J
JonFrum
Guest
And let's all remember to deduct for the negative effects of inflation, taxes, and Overseas Partners Limited (OPL.)
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hseofpayne
Guest
On 11/12/1996 I could damn near fill up my SUV for $14.25!!!!! Run that through your time machine and see how much UPS stock has grown!
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hseofpayne
Guest
Thanks! I used to be hooked on coke, now I'm hooked on phonics!
