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Some good news from N.Y
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<blockquote data-quote="Local804 Retiree" data-source="post: 411550" data-attributes="member: 13385"><p>I don't want to sound pessimistic but I found this on a message board,I don't know how accurate it is but with the current state of things it sure is getting scary. ANY THOUGHTS ON THIS,</p><p></p><p>I said it a while back. UPS CAN go bankrupt. Right now, UPS has over $10B in debt and over 1.5B in casg BUT the debtors are in TROUBLE. Since UPS relies HEAVILY on debt to pay the 425, 000 employees and day to day business and ALL the WORLS is slowing, markets crashing, UPS' their creditors will probably see that UPS forward earnings will be decimated. UPS debt will be downgraded and UPS in major trouble. UPS needs way too much debt laden cash for day to day. It will probably swiftly file Chapter 11 bankruptcy protection, if things don't improve in the commercial paper market.</p></blockquote><p></p>
[QUOTE="Local804 Retiree, post: 411550, member: 13385"] I don't want to sound pessimistic but I found this on a message board,I don't know how accurate it is but with the current state of things it sure is getting scary. ANY THOUGHTS ON THIS, I said it a while back. UPS CAN go bankrupt. Right now, UPS has over $10B in debt and over 1.5B in casg BUT the debtors are in TROUBLE. Since UPS relies HEAVILY on debt to pay the 425, 000 employees and day to day business and ALL the WORLS is slowing, markets crashing, UPS' their creditors will probably see that UPS forward earnings will be decimated. UPS debt will be downgraded and UPS in major trouble. UPS needs way too much debt laden cash for day to day. It will probably swiftly file Chapter 11 bankruptcy protection, if things don't improve in the commercial paper market. [/QUOTE]
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Some good news from N.Y
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