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Quote:

Originally Posted by W0XOFF (Post 462010)

As my dear, sainted mammy once told me: 'Don't ever listen to . .or take financial advice from a pilot. They are mostly all blithering idiots when it comes to money sense.'

Mammy was nearly always right . .and you dolts prove her point.

Glad I didn't listen to any of the Wall Street Journal reading crew force when I went into hock for twice my annual F/O salary back then to buy those 1500 shares at the 'employee IPO' price of $22/share. Yup . . 'stock splits are strictly psychological' . . what a dipstick.

If you listened to the large waterlogged mammal -and the dope above, you would have nada, instead of the (after 4 'splits') 24,000 (+ more purchased on the 'Employee Stock Purchase Plan') shares -at the $90.50 it might close at today Fedex Corp (FDX) - Stock chart, Index chart - MSN Money

If you got a $10 stock that splits you DO NOT have just 2 $5 shares! You have a stock priced now in the range of a lot more people who were reticent to buy it at the higher price. All of a sudden, your 2 $5 shares are worth . . $20 . . $40 . . more . . due to market forces.

It isn't just the Whale who's all wet. I have the nice retirement portfolio to prove it. Oh . .yeah . . that crappy 500 shares of Apple stock I bought at about $13 a share has split twice . . yep . . 'splits' are just a figment of the imagination.

u stole my thunder....us millionares should have some coffee some time!;)

I take all my advice from Al Czervik,

can I be a millionaire if I've spent over a million dollars?

What exactly does the fact that splitting a stock doesn't change shareholder equity have to do with making a good investment decision?

Quote:

Originally Posted by FedExBusBoy (Post 461695)

Memphis Daily News - FedEx, Team Members Awarded Govt. Contract

FedEx, Team Members Awarded Govt. Contract

The United States Transportation Command (USTRANSCOM) has awarded a $1.37 billion contract to FedEx Corp. and its team for international airlift services. The team is a consortium that also includes Air Transport, Atlas Air, Northwest Airlines, Omni Air International, Polar Air Cargo Worldwide and Tradewinds Airlines.

The contract guarantees that FedEx will receive a minimum of $150,730,792.92.

The contract is for services, which will include short- and long-range transport of Department of Defense passengers and cargo.

The mission of USTRANSCOM is to provide air, land and sea transportation for the Department of Defense.

The work under this agreement will be undertaken at FedEx hubs and the hubs of team members around the world, and is expected to be completed by September 2009, according to USTRANSCOM Office of Legislative Affairs.

FedEx competed among 30 proposals for this contract.

What everyone is missing is that these contracts are issued on a regular basis based on each company's participation in the CRAF. Its not like FedEx or UPS or anyone has been awarded these contracts based on anything special. Depending on the cycle, they may be awarded quarterly, semi-annually or annually. Probably, Omni will fly most of this and FedEx will receive money from Omni for it. No need to to get excited

Too bad this deal did,nt go through before ATA went tango uniform.:rolleyes:

Quote:

Originally Posted by DYNASTY HVY (Post 462139)

Too bad this deal did,nt go through before ATA went tango uniform.:rolleyes:

How so?

:confused:

Wasn't ATA on the FedEx team under a similar contract when they went under?

Quote:

Originally Posted by kronan (Post 462110)

I take all my advice from Al Czervik,

can I be a millionaire if I've spent over a million dollars?

Ironically enough it was MY Uncle Al who educated me on how airline pilots get to be 'millionaires'.

'They're the ones who start out with about a $10 million family fortune. After all the typical bad pilot moves, they are only 'millionaires'.

Quote:

Originally Posted by BOYCAPTAIN (Post 462017)

u stole my thunder....us millionares should have some coffee some time!;)

You're buying . .right?

Just don't try to get me into a truck lease tax dodge . . or apartments in New Awlins.

Too bad Lehman Bros. didn't split their stock a couple weeks ago.

Quote:

Originally Posted by Busboy (Post 462397)

Too bad Lehman Bros. didn't split their stock a couple weeks ago.

Spoken like a true 'pilot' financial wizard:D

NOW that it is near the bottom is the time it should split! The bottom feeders would be in a frenzy. :eek:

You know . . 'buy low . . sell high'

Of course . . I have not been closely following that particular debacle . . there are too many other good bargains out there . .without the 'notoriety'