Jim Cramer on United Parcel: "I Know They're Sacrosanct, but They Could Use Some Money"

United Parcel Service, Inc. (NYSE:UPS) is one of the stocks that was recently put under the microscope by Jim Cramer. A caller asked if they should buy more or hold the stock, and here’s what Mad Money’s host had to say in response:

“Well, I do, I think the stock’s trying to bottom. I think the stock’s trying to bottom… I personally don’t care for it. I am a huge buyer of FedEx, and I like J.B. Hunt, so don’t say I’m, don’t say I’m anti-transport. That would be a big mistake. It’s just that I do feel that UPS, the dividend’s so big, I don’t know. And I know they’re sacrosanct, but they could use some money.”

United Parcel Service, Inc. (NYSE:UPS) provides global package delivery and logistics services. It offers time-definite shipping, air and ground transportation, and freight forwarding. During the October 14 episode, when a caller asked if they should buy, sell, or hold the stock, Cramer replied:

“No, I still don’t like UPS. I tell you what I heard today, FedEx, when I was at Salesforce, made me feel even better about that company.”

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