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Investing in a FedEx route basics
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<blockquote data-quote="bacha29" data-source="post: 2159083" data-attributes="member: 58386"><p>I take no pleasure in what is happening to you guys including you IWBF. the task in front of us is to put our heads together and figure out what it is they' re up to. There are several possibilities which may or may not be converging. Their balance sheet is too debt loaded for Wall Streets liking. In their 3rd quarter 8K filing they announced that they have set aside 204 million for a proposed settlement of 19 class actions on appeal.That may not be enough and there is that big one, the nationwide class action under ERISA. They have also floated a bond issue to pay for TNT but the bond rating was down graded. Not to mention a lot of money committed to buy new planes. If I to sum it all up, I think that ongoing and future litigation and possible damage awards has them worried if not scared. Not to mention a global economy that is slowing. So keep our eyes and ears open and watch those SEC filings. But clearly they are unhappy and are preparing to take it out on the guys who remain.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2159083, member: 58386"] I take no pleasure in what is happening to you guys including you IWBF. the task in front of us is to put our heads together and figure out what it is they' re up to. There are several possibilities which may or may not be converging. Their balance sheet is too debt loaded for Wall Streets liking. In their 3rd quarter 8K filing they announced that they have set aside 204 million for a proposed settlement of 19 class actions on appeal.That may not be enough and there is that big one, the nationwide class action under ERISA. They have also floated a bond issue to pay for TNT but the bond rating was down graded. Not to mention a lot of money committed to buy new planes. If I to sum it all up, I think that ongoing and future litigation and possible damage awards has them worried if not scared. Not to mention a global economy that is slowing. So keep our eyes and ears open and watch those SEC filings. But clearly they are unhappy and are preparing to take it out on the guys who remain. [/QUOTE]
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