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Fudging the Numbers
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<blockquote data-quote="BrownSuit" data-source="post: 310105" data-attributes="member: 14437"><p>If the mistake was indeed as you said, a "fudging" of the numbers, I wonder why stockholders didn't vote with their feet today and sell the stock. Instead of the price of UPS stock going down today, it actually went up despite the news. </p><p></p><p>From all that I've read on the issue, it sounds like an understandable mistake. You fail to move a line from one balance sheet to another on a company with more in profits than the GDP of some nations and it's going to add up to a lot.</p><p></p><p>Before insinuating that there was something foul, your subject line does that, why not explore the issue or open it up for conversation. If you truly are a UPSer (which is somewhat doubtful) than as a shareholder in the company you have a right to hear a response from Corporate on the issue. Why not inquire there before ranting here?</p></blockquote><p></p>
[QUOTE="BrownSuit, post: 310105, member: 14437"] If the mistake was indeed as you said, a "fudging" of the numbers, I wonder why stockholders didn't vote with their feet today and sell the stock. Instead of the price of UPS stock going down today, it actually went up despite the news. From all that I've read on the issue, it sounds like an understandable mistake. You fail to move a line from one balance sheet to another on a company with more in profits than the GDP of some nations and it's going to add up to a lot. Before insinuating that there was something foul, your subject line does that, why not explore the issue or open it up for conversation. If you truly are a UPSer (which is somewhat doubtful) than as a shareholder in the company you have a right to hear a response from Corporate on the issue. Why not inquire there before ranting here? [/QUOTE]
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