borrowing money for company expansion IS what wall street wants to see. this is NOT what you are likely comparing it to--credit card debt. things will certainly not be rough for UPS.
True. Wall Street doesn't give a damn about debt. They only care about future guidance/revenue/profit. May I also remind you that they also don't give a rat's a_s when you have a bad year/investment/deal and your carrying alot of debt and your stock tanks. Did you really think a year ago that Countrywide financial would have been bought for a chump change $4Billion? How about Etrade? They had to beg for cash. Didn't think they would ever need it. Sh_t happens. If they had a better cash position/liquidity, they would have been able to hold on until it turned around. When you owe billions and things get bad, there is no recovery. Sure we need to borrow a little here and there. Especially at the lower rates. But this guy is borrowing $10Billion in his first few weeks. Not sure how long you've been with the company but this isn't how we have gotten to be the envy of the shipping industry. It is the beginning of a whole new ball game. A new company with a new plan. Come on man, really, $10Billion?
mathematics
Well-Known Member
you'll have to wait and see for yourself how this will benefit shareholders. this is a long term plan for growth with a better use of resources.
Yes, $4.09 or 6.06%. Only about a little over $5 below our IPO close from November 1999. lol.$71.55 at the close. Up $4.01
I'm no math wiz but I think that's up 6% today.
