Anyone picking up the pieces of UPS? I have to look at it more to see if it’s a falling piano or a gem in the waiting.
Supposedly the CEO said the dividend is safe and solid. For as far as that stock has fallen, if they have free cash flow, they could buyback the shit out of their shares. If WW3 pops off and interest rates collapse, they could borrow a mountain of cash and buy back shares as well.
I’m still pondering all this. Frankly, as high as the dividend rate is at these levels, they should issue short term debt as long as it costs less than the dividend rate.
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