Take your blinders off and start thinking outside the box. I am not saying that FedEx will be taken over by somebody else, but at the right price anything can happen.

Market cap for FedEx at the close of market on Friday was 34.82B. http://finance.yahoo.com/q/bc?s=FDX

If someone offers $140-150 a share do you think enough people would sell? I say yes. FedEx is a great Company (also very little union representation except the pilots) and they would be a jewel in somebody’s portfolio. Worst case scenario for you is if DHL buys you and spins off the airline as an ACMI. Don’t tell me that it can't happen, because you don’t have to look much further than ABX and Astar. Read the article below and note that IBM market cap is 145.5B!

http://en.wikipedia.org/wiki/Private_equity

http://blogs.zdnet.com/Foremski/?p=146

IBM, the world's largest computer and IT services company, could become an acquisition target for private equity firms said Steve Bengston, managing director at PricewaterhouseCoopers.
Mr Bengston was speaking at a recent lunch panel on trends and predictions for 2007 organized by FountainBlue. Also on the panel was Fred Greguras, a top lawyer at Fenwick and West, and Rick Ellinger, a venture capitalist with WCA Technology, and myself.
Private equity firms are raising ever larger funds and making ever larger acquisitions, some as large as $35bn, said Mr Bengston. At that rate, it is only a matter of time before even some of the largest tech companies become targets.
IBM has a current market capitalization of about $145.5bn. To take the company private would require a premium to be paid. But several private equity firms could potentially finance such a deal.
"IBM is a perfect candidate for private equity firms, there is a lot of restructuring that could be done," said Mr Bengston.
If such a deal were to happen, the new owners would be free to breakup the company into several large business groups. This is a strategy that IBM considered before Lou Gerstner took over as CEO in 1993. He spent nearly ten years restructuring IBM but keeping its major business groups intact.

My comfort horizon here is about five years. Beyond that anything goes. We could be UAL about 1998. I hope I'm wrong, but I watched my dad go through a leveraged buyout at NWA in the eighties. A company that used to write checks for 747's, that owned the hotel they stayed in in NRT, suddenly became 3 billion in debt. Sold everything they owned, leased it all back, then told the employees they were going bankrupt and needed to cut wages 25%.....

Blinders? Me? Surely, you jest. This is my third airline. The 1st two were taken over. It's debatable if either were for the right price.

You missed the whole point of my initial reply. You wrote:

My point was that it doesn't take Smith(Fred to you) getting old for someone to acquire this outfit. He doesn't own it.

You dip****, go read it.

Please Please Don't come to the 11. You actually have to have a brain to work the FMS.................::confused: