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<blockquote data-quote="traveler" data-source="post: 54661"><p>Just returned from Las Vegas. I was watching the action (UPS) but could find nothing in print as to the reason. Last night on the "red eye" back I read an interesting article in Barons where the boys at UPS convinced the writers that their cost cutting was on track and that the overseas profits looked good. Also, the first quarter P&amp;L would be a bit off due to a different way revenue is recognized and that would have a positive effect in the fourth quarter. The house mentioned (don't remember which one) had UPS at an "out perform" and a target of $90 at years end.</p><p></p><p>Best part of all this is that I am sitting on a total of 50 option contracts varying from $75 to $80 and from July 05 to Jan 06. </p><p></p><p>Call me </p><p></p><p>PS: I actually broke even in Vegas this week!</p></blockquote><p></p>
[QUOTE="traveler, post: 54661"] Just returned from Las Vegas. I was watching the action (UPS) but could find nothing in print as to the reason. Last night on the "red eye" back I read an interesting article in Barons where the boys at UPS convinced the writers that their cost cutting was on track and that the overseas profits looked good. Also, the first quarter P&L would be a bit off due to a different way revenue is recognized and that would have a positive effect in the fourth quarter. The house mentioned (don't remember which one) had UPS at an "out perform" and a target of $90 at years end. Best part of all this is that I am sitting on a total of 50 option contracts varying from $75 to $80 and from July 05 to Jan 06. Call me PS: I actually broke even in Vegas this week! [/QUOTE]
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