Amazing how financially strong this airline is...

Browntothebone

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ATLANTA-UPS said earlier today that its Board of Directors approved a change
in its financial policy regarding its capital structure, which it said is
designed to enhance the company's value to shareholders.

The company said in a statement that it intends to significantly increase
the debt component of its balance sheet to a target debt ratio within a
range of 50%-60% funds from operations-to-total debt.

UPS CFO Kurt Kuehn said in a statement that the company has been studying
its capital structure options, noting that this change in policy will enable
the company "to make increased investments in the business, pursue selective
acquisitions and undertake larger share purchases."

UPS said that its Board authorized an immediate increase in the amount of
funds available for stock purchases from approximately $2 billion to $10
billion.
And it added that it intends to complete that level of share
repurchases in the next 24 months.

This change in financial policy was made possible, because last UPS made a
pre-tax $6.1 billion payment
to the Central States Fund, a multiemployer
pension plan that covers 42,000 UPS Teamsters members, on December 26 to
exit the plan, according to a Bloomberg article. This $6.1 billion,
Bloomberg reported, will be off-set by a $2.3 billion reduction in income
tax expense, with the employees previously covered by the Central States
plan transitioned to a new plan overseen by UPS and the Teamsters Union.

"Having that much better ability to predict our labor expense and pension
expense cleared the way for us to do this," UPS Spokesman Norman Black said
in an interview with Bloomberg.

Despite increasing its debt level, Credit Suisse analyst Jason Seidl said in
a research note that UPS is one of the few transportation companies that
remains well-positioned to weather the current economic malaise with its
ability to repurchase shares, grow its international business at above
market rates, and continue to improve results at its Supply Chain division

(UPS Supply Chain Solutions).
 

MCDU

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Thats a great article. Thanks for sharing browntotheboner.

M
 

Browntothebone

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UPS gets even stronger!!!


ATLANTA, Feb. 9, 2009 - UPS (NYSE:UPS) has been selected as the primary package delivery carrier for L.L.Bean, the 97-year-old outdoor apparel and equipment company.
The move, effective Feb. 23, follows a lengthy evaluation process. UPS will provide both ground and air service to deliver the orders of L.L.Bean customers shopping through the famed retailer's catalogs as well as online.
"L.L.Bean is one of the most respected retailers in the world and we're looking forward to serving their customers," said Alan Gershenhorn, UPS senior vice president for worldwide sales and marketing. "We've constructed a solution for L.L.Bean designed to build on that customer experience. It will be easy for the retailer to meet the customers' needs for air and ground deliveries using the world's largest package delivery network. And UPS also is prepared to flex its network to seamlessly respond to volume changes."
L.L.Bean has been a trusted source for quality apparel, reliable outdoor equipment and expert advice since 1912. The company is well known for its world-class customer service.
"Regardless of the channel selection used by our customers, we expect to provide a consistent quality experience and we believe UPS will deliver on that promise," said Bob Peixotto, Senior Vice President and Chief Operating Officer at L.L.Bean. "UPS is providing industry-leading technologies to support our tracking and visibility needs as well as options for facilitating returns that will improve our customer experience. We're enthusiastic about embarking on this new relationship with UPS."
L.L.Bean, Inc. is a leading retailer of quality outdoor gear and apparel. Founded in 1912 by Leon Leonwood Bean, the company began as a one-room operation selling a single product, the Maine Hunting Shoe. While its business has grown substantially, L.L.Bean still upholds the values of its founder and continues his dedication to quality, customer service and a love of the outdoors.You can visit L.L.Bean anytime at www.llbean.com.
UPS (NYSE: UPS) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.
 

Pocono Pilot

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Sorry, but I think you actually have to fly people to be an "airline".

Flying boxes doesn't count sorry. Like that's real hard.

Maybe you should go over to the cargo forum with all the other dogs. LOL
 

Andy Neill

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Brown,

Without sarcasm or mailice, I want to thank you for posting. I pulled up the chart for UPS to see how the stock was doing. What I saw on the 9th was my dream picture to buy puts. I bought 12 contracts of the Mar $50 puts at $3.90. The next day, I sold 2 for $6.30 and today I sold 8 more for $7.80. The profit thus far has been $3600 on a $3900 investment. The remaining two are worth $760 each now.

Had you not posted, I would have missed out. Thank you.
 

KCPilot

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Sorry, but I think you actually have to fly people to be an "airline".

Flying boxes doesn't count sorry. Like that's real hard.

Maybe you should go over to the cargo forum with all the other dogs. LOL
Well barbie jet driver you might want to look it up next time!

airline. Any for-profit company providing air transportation or cargo services to the general public.
 

fob727

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BTB is a dirtbag

BTB is a self-absorbed POS
 
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