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FedEx Discussions
A New Level of Haterd For This Company
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<blockquote data-quote="Ricochet1a" data-source="post: 1166132" data-attributes="member: 22880"><p>Fred doesn't own anywhere near that percentage of outstanding FedEx stock. </p><p></p><p>There are just under 317 million shares of FedEx stock outstanding and Fred S (as of about a year ago), is listed as owning just under 20 million shares. </p><p></p><p>Dividing 20 million by 317 million yields 6.3 percent ownership of FedEx. </p><p></p><p>Assuming he owns the same now as he did last August (I'm not going to check for stock options he has exercised since August of last year or shares he may have sold in that same time period), the value of FedEx he owns at current stock price ($97.72/share) is just over $1.9 BILLION.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1166132, member: 22880"] Fred doesn't own anywhere near that percentage of outstanding FedEx stock. There are just under 317 million shares of FedEx stock outstanding and Fred S (as of about a year ago), is listed as owning just under 20 million shares. Dividing 20 million by 317 million yields 6.3 percent ownership of FedEx. Assuming he owns the same now as he did last August (I'm not going to check for stock options he has exercised since August of last year or shares he may have sold in that same time period), the value of FedEx he owns at current stock price ($97.72/share) is just over $1.9 BILLION. [/QUOTE]
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