Paul Schlesinger Quotations

I have a target price for UPS at 60. But sad to say, most transportation stocks are so far below what I think are fair target price, that it doesn't stand out as a bargain.

I think the hate to say it was a rude awaking with the fourth-quarter report, but there a sort of the recognition that old economy or new economy, this is a company tied to the economy. Here or there you can find flaws, but it's a pretty strong company. However, if the economy slows down, it slows down for them too.

I think the stocks all reflect concerns that the estimates won't hold up because the economy will weaken. If it becomes clear the estimates do hold up, I'm confident the stocks will do well. I've got fairly conservative estimates, below consensus, and the stocks are steals based on my estimates.

The deal that very publicly didn't happen was very detrimental to the company. It probably contributed to the poor performance that might have ultimately cost Roger Curry his job.

You're not going to get same delivery standard, and I doubt there would be confirmation of delivery. A lot of the features of the service they'd have to give up, and there's serious risk of compromising the brand. Still, this could wind up being a good deal for them. Is it the stake in the heart for UPS? No, I don't think so.

The complexities of doing home deliveries are much greater than they are for commercial deliveries. It is far more difficult to get low costs. You still have the basic reality that you have to find someone at home. It gets awfully expensive if you have to make five stops in order to make four deliveries.