Cramer Quick Take: UPS Delivers Bad News
NEW YORK (TheStreet) -- Is UPS's (UPS) failed deal to acquire TNT in Europe a bad thing for the stock? Jim Cramer told Debra Borchardt at TheStreet.com Monday that, in his mind, this might actually be a good thing.
Cramer said UPS was overpaying for TNT and investing in a market that's not growing. Meanwhile FedEx (FDX) , a stock he owns for his charitable trust, Action Alerts PLUS, is investing in Asia, a market that's not only growing but growing faster than any other at the moment.
Cramer said he'd use any strength in UPS shares and swap into FedEx.
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-- Written by Scott Rutt in Washington.
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