2024-04-24 18:03:04 ET
Summary
- UPS has struggled since inflation began to accelerate in early 2021, with a 10.44% decrease in total returns since May 2021.
- Management's plan for growth and the company is likely to see rising costs, leading to my downgrade to a strong sell rating.
- UPS's recent earnings report showed concerns such as no revenue growth guidance, declining annual revenues, and increased spending on capital projects.
Difficult times often separate the men from the boys, and the best-run companies from those with mediocre and poor management teams. Since 2019 we have seen COVID hit, price levels rise exponentially, and conflicts abroad create added challenges as well....
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UPS Q1 Earnings Confirms Management's Post-Pandemic Strategy Is Not Working (Downgrade)