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UPS plans to cut 20,000 jobs, automate 400 facilities, and reduce Amazon business, citing profitability concerns. Teamsters union vows to fight layoffs.
UPS, which could actually end up being the big winner in its breakup with Amazon, is deeply unloved. Notably, its price-to-sales and price-to-earnings ratios are well below their five-year averages.
That's why cutting the dividend on July 29 wouldn't be a disaster. It might, in fact, be the smartest move UPS can make.
UPS, which could actually end up being the big winner in its breakup with Amazon, is deeply unloved. Notably, its price-to-sales and price-to-earnings ratios are well below their five-year averages.