Union Pacific doesn't want to make employees share holders WITH A MATCH. Do you think it is coincidental that they said "we asked they did" and allowed employees to payroll deduct stock during a pandemic? Anyone notice they were kind enough to ALLOW employees to purchase increase from 10 to 15%? They knew this wasn't going to end well and what better way to inflate the stock price than to tell employees they can payroll deduct stock out of their paychecks. The company has been managed poorly for decades and with the impending recession the board of directors are attempting to save the stock by having Vena lay people off since their ESPP didn't work. Maybe everyone should stop buying the stock through payroll deductions put that money aside and when the price tanks because car loadings drop they can get more bang for their buck.
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Open an Ira or put more $ in your 401k. Invest in GNMA Federal backed $ for people to buy houses. Or bond funds . These funds so simple, easier to do than Up stock fund. Both have paid more interest earnings than Up stocks.
So if an employee making $80,000/year contributed 5% to the stock program last year, or $4000, when the stock fluctuated between about $205-$235 per share, they would’ve bought between 17 and 19.5 shares. The company would’ve matched 50% of that, or $1600, adding roughly 7-8 shares. If you sold those 24-27.5 shares at the current price of $212/share, you’d have about $5000-5800. Why is turning a $1000+ profit in one year a bad thing?
The amounts are small for everyone and isn’t gonna make or break either UP or the employees, but there are very few investment opportunities that come with a guaranteed 28% buffer (which is what UP’s 40% match works out to).
The stock price has roughly been the same since StockUP started.
The employee stock purchase program is nothing more than an IOU on a portion of your paycheck. They never wanted to share ownership when the stock had a ton of upside potential. If you couldn't see the true reason behind their conveniently timed employee stock purchase program scheme from a mile away then you are dense, naive, a UP foamer, or all of the above.
Don't let the company hold any of your money. The stock purchase plan is just them saying, "thanks for the loan, hope it works out for you even though we hope it doesn't work out for you."
Don't buy UP stocks
The Company is going to cr-p.
Vena and others will run away to another country
Why would any employee buy stock from the very company they work for, especially when they know dam well how it's run? I never bought UP stock, and never will! Vena and his PSR initiatives is what caused every problem the UP has. Uh oh! Vena is back! I wonder what the stock price is going to do when the problems come back? If you have UP stock, then my recommendation right now would be to sell it fast! Does anyone really think the price is going to go up WHEN the UP achieves worst place to work for again? Sell it now and take a small loss or hold onto it when the price drops and lose your a55.