Is UPS Cheap Enough to Buy?

Discussion in 'The Latest UPS Headlines' started by cheryl, Jun 25, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Is UPS Cheap Enough to Buy? - Seeking Alpha

    Earlier this month I wrote about why I really like United Parcel Service (UPS) but the stock never seems to get cheap enough to satisfy my requirements for a purchase. However, all of that seems to be changing as UPS is guiding down for earnings per share going forward. Specifically, UPS is estimating earnings of $0.85/share, down from its prior estimate of about $1.00/share. Its package volume is down, and fuel is up. The shares were hammered 6% on Tuesday.