Old 02-20-2023, 03:55 AM
  #32  
pinseeker
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Joined APC: Aug 2006
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Originally Posted by JackStraw View Post
Dude people are talking about Warren Buffett buying FDX and I post an article written only short a while ago in terms of business and you’re hung up on the date. Why are you obsessed with arguing with people? Are you studying for the Tennessee bar exam?
Originally Posted by JackStraw View Post
I tend to think business decisions of that magnitude take longer than 3 years.

But I also don’t think it’s a likely decision. I just thought it was pertinent to the discussion.

Did you even read the article? Did you read about the author? The title says that experts predict that Buffet will buy FedEx, yet in the article, not a single expert was quoted or referenced. The author's credentials include being a seasoned investor, and having a dual degree in business management and creative writing. Those are some qualifications! The writing was atrocious. This was just an opinion article, much like posts on this website. It was written before the pandemic started to have any effect in the US. A lot of things have changed since then. There are also SEC rules that would govern disclosure of talks of any purchase of a publicly traded company by a publicly traded company. I'm sure the SEC would be fine with billions of dollars of stock buy back by FedEx while they were in secret negotiations to sell the company for 3 years.

One person mentioned that the executives would be moving to Omaha. Someone else said Berkshire. You either decided to add to the rumor by knowingly posting an opinion piece written by a hack over three years ago, or you did a quick google search and linked the first headline that fit that narrative without doing any critical thinking, reading or looking at the date. Make snarky remarks, accuse me of arguing, it doesn't matter to me. The truth is that article is a worthless piece of trash when it comes to added value. Even if Berkshire did acquire FedEx, there is nothing in that article that would have had anything to do with it. That article is no different than asking your 6 year old kid who will win the Super Bowl. They may get it right, but it wasn't because they had any special information or insight.
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