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Fedex getting "grounded"?
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<blockquote data-quote="trplnkl" data-source="post: 315707" data-attributes="member: 13254"><p>Cold consumer spending IS the economy. Sure there are other factors, but the bottom line is consumer spending.</p><p></p><p> The problem here is that when UPS (or any other large company) says that we are in trouble because the economy is flattening out is fear mongering. A 2% growth is still growth. Being a public traded company creates the need to put hope into stock buyers to encourage them to buy our stock instead of General Electric of GM. The method to encourage that is to project expected growth that will raise the value of our stocks, then they have to come up with some kind of reason when the growth wasn't as large as predicted. The CFO of UPS (as well as other companies) is sure not beyond stretching the truth from time to time to create movement. The media? HA! They just tell us what they want us to hear.</p></blockquote><p></p>
[QUOTE="trplnkl, post: 315707, member: 13254"] Cold consumer spending IS the economy. Sure there are other factors, but the bottom line is consumer spending. The problem here is that when UPS (or any other large company) says that we are in trouble because the economy is flattening out is fear mongering. A 2% growth is still growth. Being a public traded company creates the need to put hope into stock buyers to encourage them to buy our stock instead of General Electric of GM. The method to encourage that is to project expected growth that will raise the value of our stocks, then they have to come up with some kind of reason when the growth wasn't as large as predicted. The CFO of UPS (as well as other companies) is sure not beyond stretching the truth from time to time to create movement. The media? HA! They just tell us what they want us to hear. [/QUOTE]
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