Change my mind.
10 replies (most recent on top)
As long as the company continues stock buy backs and lays off employees the stock will never crash. Nothing pleases Wall Street more then blue collar jobs wiped out and buying back stock. Less shares out equals more EPS and less jobs both go straight to the bottom line. Look at Netflix, Tesla we work, Lyft Uber and many other companies that lose billions upon billions every single year and the stock rises. It’s all manipulated and don’t matter. Until the whole thing crumbles they will keep it artificially propped.
QE INFINITY!!!!
UP steam club members rushing to the defense
Its a monopoly. Keep the stock.
I predict the stock price will continue to rise through year-end with the continued cuts and asset sell-offs. Plus they need to save face after 3rd quarter losses. Then comes an election year and Trump will do everything in his power to improve the economy. Soooo, I’m going to ride it out a little longer.
🙄🙄🙄
Reply about stock purchase after the SP merger sure is spot on, I think some bought in the teens, after everything hit rock bottom.
Too big, too old, too much business and money that what they said about Sears and now they’ve filed for bankruptcy and are still hemorrhaging and closing stores. If by functioning you mean flailing around like a turkey after it’s been shot yep that’s functional alright. Trains failing left and right in the service track outbound after being built causing rebuilds, derailments up, injuries and deaths up, not enough power on hand to build the trains and get stored and dispo locomotives out of shops to get the shop count down to actually be able to fix said locomotives they have on hand, not being able to repair locomotives due to not enough people to do the work or even being able to get parts to repair those locomotives, the list goes on and on but obviously those things aren’t happening in the crystal palaces daily reports and multiple conference calls every hour things are running smoothly by their standards. Spread that trove of misinformation and lies somewhere else the employees know the real situation that the company is in.
The stock will probably split 2-3 times by then and will have made a lot of fairly wealthy people. Ask the people that purchased stock during the service crisis after the SP merger. Is the OP the guy that sold his stock last week and lost $11/share in 3 days? Be careful who you listen to. Don’t be foolish and do what he did.
Because this company is going out of business
As bad as everyone wants UP to fail, it won’t. The company is too big, too old, and has too much business and money. Just look at all the cuts so far. Everything is still functioning with out delay.