Troubling Comment on Asia From UPS

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UPS has spent a lot of money (like most companies) betting that the future growth of the company will come from the Asia Pacific region. ¬†While one quarter should never be taken too seriously, the following comment from the 3Q conference call probably doesn’t give UPS investors the warm and fuzzies.

“The bottom line is we built a network [in Asia] expecting certain levels of growth that did not materialize” in the third quarter.