Can United Parcel Service Continue To Deliver Returns?
Shipping products around the world is a critical part of the economy. It's amazing to think that 100 year or so ago it would take weeks just to get something a few hundred miles away, and now you can get something to the other side of the world in less than a day...if you're willing to pay for it.
The share price of United Parcel Service (UPS) is down roughly 13.5% from its 52-week high. At the worst of the "December Dump", shares were down at $93.50, or approximately 25% below the 52-week high. While shares have recovered since then, I wanted to take a further look at the shipping and logistics company to see if it deserves a spot in my portfolio.