UPS (UPS US): Issues to consider
Background
UPS appears to be struggling to keep up with industry trends. Between 2011 and 2016, revenue and profit growth was inferior to its closest competitors and much slower than the E-commerce sales. Unsurprisingly, the stock has also lagged both its peers and the S&P. For this dour performance, the top five managers received US$165m. Their incentive scheme is based around short term total shareholder returns and ignores the company’s rising liabilities. Allowing management to sacrifice the staff and increase business risk in the pursuit of big bonuses. Issues to consider
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Important
This note is written with the sole purpose of highlighting some issues we think are important.
It is not a recommendation to BUY or SELL any of the securities mentioned and should not be taken as such.
Readers should form their own opinions about the company and seek appropriate advice.
Please read the Bucephalus disclaimer.
This note is written with the sole purpose of highlighting some issues we think are important.
It is not a recommendation to BUY or SELL any of the securities mentioned and should not be taken as such.
Readers should form their own opinions about the company and seek appropriate advice.
Please read the Bucephalus disclaimer.