Why Is UPS at $68?
June 6, 2008 10:53 PM
If you value your money, and I suspect most readers do, why would you buy UPS with 152 PE and oil at all time highs? Unless I am severely missing something very important, the stock is an avoid, a sell, a get out, a run for cover, an exit - take your pick. There simply is no reason on any level to be an investor in the stock. I just cannot figure out why it is not $30 or far less. If you believe in “valuation”, compared to Fedex, the stock would be less than $10.
I like the truck. I get all that. I will also like the stock at $10 - maybe.
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If anyone has any input why this stock has such a huge valuation, post it. I have not researched the stock in depth. It is possible they could have had a huge writedown of some sort that temporaily inflated the valuation.
I would guess that HAS to be the case or it is going FAR lower.