UPS's Dividend Cushion Not Bad, Worth A Look - Seeking Alpha
Summary
Summary
- We're huge fans of UPS's worldwide integrated network, respected brand and consistent free cash flow generation. It has superior scale and efficiencies.
- The company benefits from over 100 years of improvement and investment. Its culture is one of continual reinvention. The firm reported record international operating profit in 2015.
- Revenue management initiatives, including pricing, will be key drivers behind expected profit expansion. International shipment growth will also offer a nice tailwind to performance.
- Let's take a look at the firm's investment considerations as we walk through the valuation process and derive a fair value estimate for shares