Not Cool, Fed Ex

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jun 4, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    Not Cool, FedEx - Motley Fool

    Call me a cynic, but I wonder: If FedEx had suddenly discovered $1 billion in windfall profits -- from, I dunno, finding an unclaimed cargo-hold full of gold bullion in one of its airplanes -- would it have kept the news to itself, or shouted it from the rooftops?

    And if it's the latter -- as I strongly suspect it would be -- then I also wonder: When FedEx actually discovered that it was going to have to write down its assets by $1.2 billion this quarter, why did I find out about it in a quietly tucked -away SEC filing rather than in a press release?