Thursday, April 23, 2009

UPS & Editorial Adjustments

UPS (UPS) announced their quarterlies and recited the expected issues. Global recession, changing product mix, delivering to more businesses and zip codes than any other transportation provider (need this category better defined). When reading the press release we came upon an interesting category "Editors Note" The note started to give details of when the conference call will be, then threw in some cautionary language about forward looking statements and then went on to speak in some detail about impairment charges finishing up with language about GAAP and non-GAAP comparisons.

Gentlemen this is not an Editors note. You do not sneak in detail about impairment charges as an editors note. You do not include the high level details such as these as editors notes.