FedEx Stock: Buy Some More?
07-26-2008 | 07:50 PM
#1
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From: C-172
FedEx Stock: Buy Some More?
I am deliberately posting this in Cargo instead of Money because I'd like to hear the perspective of those actually working there. As you may recall, I bought some shares at what I now know as the friggen peak. So instead of compounding my error by buying high and selling low, I thought I would buy some more since it closed yesterday at a "cheap" $79.49.
Should I? Typhoonpilot suggested the Chinese Yuan CD from Everbank. I plan to get into that, but being a stock kind of girl, I want to increase our stock holdings given that I sold some of my beloved Berkshire Hathaway.
I am not asking for insider trading type tips, just your personal gut feeling about Uncle Fred's Big House.
Should I? Typhoonpilot suggested the Chinese Yuan CD from Everbank. I plan to get into that, but being a stock kind of girl, I want to increase our stock holdings given that I sold some of my beloved Berkshire Hathaway.
I am not asking for insider trading type tips, just your personal gut feeling about Uncle Fred's Big House.
07-26-2008 | 09:15 PM
#3
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FedEx has a big problem with it's "independent contractor" model of running it's FedEx Ground division. They have been losing lawsuits and the Feds have now said that their ICs were, in reality, employees.
For some reason, FedEx is still doing business in this manner, I suspect because they are trying to figure out how to staff their ground routes with employees, buy a whole bunch of trucks (they don't own hardly any Ground trucks) and compensate a whole bunch of people who are a part of lawsuits in almost every state in the union.
I've read that it will cost a few billion dollars to get this all sorted.
I'd wait until this problem comes to a head and then buy like crazy.
For some reason, FedEx is still doing business in this manner, I suspect because they are trying to figure out how to staff their ground routes with employees, buy a whole bunch of trucks (they don't own hardly any Ground trucks) and compensate a whole bunch of people who are a part of lawsuits in almost every state in the union.
I've read that it will cost a few billion dollars to get this all sorted.
I'd wait until this problem comes to a head and then buy like crazy.
07-27-2008 | 05:24 AM
#4
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From: Widebody
If you subscribe to the buy low sell high theory, buy some over the next year or so. You can talk all you want about the independent contractor model, or the economy, but it is a strong company, with a strong balance sheet, with high barrier to entry for potential competitors, an it can pass costs on to consumer fairly effectively. Dont plug all your cash into it now but dollar cost average over the next year or so.
BD
BD
07-27-2008 | 06:40 AM
#6
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I am deliberately posting this in Cargo instead of Money because I'd like to hear the perspective of those actually working there. As you may recall, I bought some shares at what I now know as the friggen peak. So instead of compounding my error by buying high and selling low, I thought I would buy some more since it closed yesterday at a "cheap" $79.49.
Should I? Typhoonpilot suggested the Chinese Yuan CD from Everbank. I plan to get into that, but being a stock kind of girl, I want to increase our stock holdings given that I sold some of my beloved Berkshire Hathaway.
I am not asking for insider trading type tips, just your personal gut feeling about Uncle Fred's Big House.
Should I? Typhoonpilot suggested the Chinese Yuan CD from Everbank. I plan to get into that, but being a stock kind of girl, I want to increase our stock holdings given that I sold some of my beloved Berkshire Hathaway.
I am not asking for insider trading type tips, just your personal gut feeling about Uncle Fred's Big House.
Vagabond, we FDX'rs appreciate your interest in FedEx stock.
Your mistake is asking Pilots for investment advice.
Unless you are using the theory that if we all tell you "to buy it" or "not to buy it", and then you plan to do the opposite.
Remember the age old question.
How does a Pilot become a Millionaire?
He inherits a Billion!
07-27-2008 | 01:03 PM
#8
"blue collar thug"!
Joined: Nov 2006
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From: A proponent of...
You might want to look into gold. Not gold stocks, but real gold. It could be that all stocks might do poorly over the next year or so. The $ is weak, financial institutions are folding, and the worst might not be here yet.
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