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UPS Discussions
stock price??
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<blockquote data-quote="funwithups" data-source="post: 103783" data-attributes="member: 4995"><p>No, I don't really think the stock price refelects the suits. UPS is supposed to explain to their shareholders anything that may negatively impact shere price. They have two out of the three suits going to trial in late December/Early November. These suits are in appeals, so they can go no further. The three suits combined are estimated ti be worth well over a half a billion dollars. This affects eanings if UPS loses or settles. UPS had an opportunity in DE to fess up to it's shareholders this summer, but chose to be shifty when asked about these suits twice. They aren't going anywhere, and if UPS were to lose, the stock price would fall. Shareholders would be seriously upset, and investigations into Sarbanes-Oxley violations may take place, further driving down stock price.</p><p></p><p>The point is, if Wall Street doesn't know about the suits, how can it be make corrections on stock price?</p></blockquote><p></p>
[QUOTE="funwithups, post: 103783, member: 4995"] No, I don't really think the stock price refelects the suits. UPS is supposed to explain to their shareholders anything that may negatively impact shere price. They have two out of the three suits going to trial in late December/Early November. These suits are in appeals, so they can go no further. The three suits combined are estimated ti be worth well over a half a billion dollars. This affects eanings if UPS loses or settles. UPS had an opportunity in DE to fess up to it's shareholders this summer, but chose to be shifty when asked about these suits twice. They aren't going anywhere, and if UPS were to lose, the stock price would fall. Shareholders would be seriously upset, and investigations into Sarbanes-Oxley violations may take place, further driving down stock price. The point is, if Wall Street doesn't know about the suits, how can it be make corrections on stock price? [/QUOTE]
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