UPS has lagged, but stick with it - Blogging Stocks
United Parcel Service (NYSE: UPS) has not performed as expected over the past four months - the stock has meandered - but I'm nevertheless Reiterating my Buy rating for the company, first recommended on April 7, 2009 at a price of $51.28. Here's why:
Although institutional investor purchases of UPS appear to have been delayed, on concern the U.S. economic recovery won't arrive on time in Q3, share repurchase should support the stock.
United Parcel Service (NYSE: UPS) has not performed as expected over the past four months - the stock has meandered - but I'm nevertheless Reiterating my Buy rating for the company, first recommended on April 7, 2009 at a price of $51.28. Here's why:
Although institutional investor purchases of UPS appear to have been delayed, on concern the U.S. economic recovery won't arrive on time in Q3, share repurchase should support the stock.