fedex stock buyback.

[hypo hanna]

This thing smells like week old fish!

Fred S and the others have been selling quite a lot of stock lately. Enough to cause concern with investors. Now we have a 32M buyback? I think they are going for that short term bump in price so they can keep unloading at the higher price. Are they financing this with cash or debt? Either way its going to be on our backs.

 

[Mr. 7]

Yup,
They got plenty of money for stupid crap like this but, no money for raises for the people that actually carry freight.

 

[Artee]

This thing smells like week old fish!

Fred S and the others have been selling quite a lot of stock lately.

They are not the only ones. I know 20+ year employees with many shares of stock selling right now while the price is high. Once the buyback starts the price is figured to be less than what it is selling for right now. Buy low...sell high. Its they way the smart investor does it.