Comment / 'Skinning the cat': UPS SCS arm – a bijou DB Schenker

ID 121112695 © Sonsedskaya | Dreamstime.com

… just noticed, perhaps?!

Good timing, though.

In my mind 

Sniff sniff.

One cent beat to Q4 23 non-GAAP earnings and one cent added to the quarterly dividend per share.

Seen it before elsewhere.

Yes!

Shivers

Down -8.2% y’day to $145 apiece, the worst performer in our demo portfolio.

Unlucky again in 2023, as ’superior’ UPS falters anew.

Soft 2024 guidance didn’t help, either.

Bar the projected annual sales range, adjusted operating margin is expected at between 10% and 10.6%, materially lower than the previously coveted target.

It was undoubtedly eventful* (click ...