Man of Great Wisdom
Stock down 3% already this morn. Growing steady does not work on Wall Street. Go private.
United Parcel Service Inc. (NYSE:UPS - News) on Tuesday provided a full-year outlook for 2007 below analysts' forecasts, citing a slowing U.S. economy, sending shares down more than 3 percent.
UPS didn't do anything that Fedex didn't do in their last report. They also downplayed '07. I'd rather get punished today by a lesser amount than miss estimates later in the year and really get crushed.
Our revenue goes up over last year but the stock gets punished. It's getting a little tiring to own the stock and watch it sit in one spot for seven years.