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UPS Pressroom News
UPS Achieves Record Earnings Per Share
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<blockquote data-quote="brownIEman" data-source="post: 1087748" data-attributes="member: 14596"><p>No, the reality is that UPS paid a bill of over $3Billion in the 4th Quarter which would make that quarter a losing quarter. Instead of calling it a losing quarter, however, they borrowed the cash to pay the bill, which they will pay back over a long period, and called it a record quarter and year. That is an accounting trick. It would be like using your Visa to pay your mortgage bill and then saying "Wow, look how much money I cleared this month!". Not too much of a problem if you only do it once, if you make a habbit of it, you are going to get in trouble. UPS apears to be making a habbit of this sort of thing.Just to be clear on the TNT deal, there was not $6Billion in cash sitting around, the plan was to borrow the cash for about half of that deal as well.</p></blockquote><p></p>
[QUOTE="brownIEman, post: 1087748, member: 14596"] No, the reality is that UPS paid a bill of over $3Billion in the 4th Quarter which would make that quarter a losing quarter. Instead of calling it a losing quarter, however, they borrowed the cash to pay the bill, which they will pay back over a long period, and called it a record quarter and year. That is an accounting trick. It would be like using your Visa to pay your mortgage bill and then saying "Wow, look how much money I cleared this month!". Not too much of a problem if you only do it once, if you make a habbit of it, you are going to get in trouble. UPS apears to be making a habbit of this sort of thing.Just to be clear on the TNT deal, there was not $6Billion in cash sitting around, the plan was to borrow the cash for about half of that deal as well. [/QUOTE]
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UPS Achieves Record Earnings Per Share
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