Jim Cramer on UPS: "I Wish I Could Be More Positive"

United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer weighed in on. A caller asked about the stock and mentioned that they have held it for three years, and it has declined significantly over the past year despite offering a dividend yield of over 6%. Cramer stated:

“I am worried about United Parcel. I’ll tell you why. It’s down 33% for the year. Because when I see a yield of 7.8%, it worries me because there’s not a lot of yields in the S&P that are that high. The highest yielders tend to be troubled. They do not tend to be reasons to buy, maybe for Verizon when it was… or an ATT, because they’re utilities. But this is of grave consternation to me on UPS. I wish I could be more positive, but that’s how I feel.”

United Parcel Service, Inc. (NYSE:UPS) provides package delivery and logistics solutions, including express and ground shipping, international freight forwarding, customs brokerage, e-commerce services, and specialized supply chain management.

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Disclosure: None. This article is originally published at Insider Monkey.