Is UPS Stock A Real Bargain?

United Parcel Service (UPS) stock currently trades at 18.2 times earnings. The median S&P 500 company sits at a multiple of 22.8. The shares have lost 15.6% since July 17. Current pricing points to a market assumption of shrinking profits. A value buyer views this setup as a delivery network on sale, complete with a 6.5% dividend yield and a recoverable profit margin. So is UPS earning enough cash to keep paying that dividend.