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UPS Lowers 2Q Earnings Expectations
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 359043" data-attributes="member: 12570"><p>I am by no means an expert on the stock market but I believe that publicly traded companies have an obligation to its shareholders to provide earnings guidance, whether positive or negative, so that these shareholders can make an informed decision as to whether to hold on to their shares or to sell them. This earnings guidance can also be used by potential shareholders to decide whether they wish to purchase shares of this stock or not. I have used such guidance in the past, particularly when I purchased shares of Sirius Satellite Radio on speculation that its merger with XM would be approved. (BTW, I am still waiting.)</p><p> </p><p>I can see your point and I agree, we will get hammered again on 7/22, but I believe that disclosing earnings guidance is a requirement if you are a publicly traded company.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 359043, member: 12570"] I am by no means an expert on the stock market but I believe that publicly traded companies have an obligation to its shareholders to provide earnings guidance, whether positive or negative, so that these shareholders can make an informed decision as to whether to hold on to their shares or to sell them. This earnings guidance can also be used by potential shareholders to decide whether they wish to purchase shares of this stock or not. I have used such guidance in the past, particularly when I purchased shares of Sirius Satellite Radio on speculation that its merger with XM would be approved. (BTW, I am still waiting.) I can see your point and I agree, we will get hammered again on 7/22, but I believe that disclosing earnings guidance is a requirement if you are a publicly traded company. [/QUOTE]
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