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<blockquote data-quote="Ricochet1a" data-source="post: 1168154" data-attributes="member: 22880"><p>There is no 'hostile takeover' attempt anywhere in sight for FedEx. This manager IS spewing talking points that were cooked up on order to quash employee dissent though. </p><p></p><p>The anticipated stock price is <u>right on target</u>. I posted not too long ago (you can look it up here, my purchase of that stock was one of the reasons I went silent last autumn and didn't post again till late this February) that I - yes I, purchased FedEx stock (through 3rd party) last autumn based off the impending reorganization going on within Express AND the extreme profitability of the Ground segment. Express hit 'a bump in the road' this past spring on the road to getting towards that stock price - but get there it well, REGARDLESS of what that means to you as an Express employee. </p><p></p><p>I have a sell order with a target VERY close to the figure the OP stated ($114), so on that part, the manager in question either knows what the hell they are doing (independently of corporate talking points - NOT likely), OR, that a corporate wide talking point was made in this 'presentation' (MOST LIKELY). <em>This should tell you something folks... Naw... that RIa is full of crap, what we're experiencing is merely coincidence....</em></p><p></p><p>FedEx is in NO way looking to do the OPPOSITE of a 'hostile takeover' either, that is sell off profitable portions of the company to outside investors. Of all the opcos, Ground is the only one really raking in the cash, the 'selling price' of the other opcos (should one have to figure out one), would come to peanuts. They would sell for less than their book value. </p><p></p><p>A company's stock is more a reflection of its ability to create RELIABLE profits year after year, NOT the liquidation value of all its assets. Most well run companies have a valuation (market value of all outstanding stock) that is GREATER than the liquidation value of its assets. A well run company, through its profitable operations has created a financial synergy, that is the value of the company as a whole is GREATER that the sum of the liquidation price of its assets. </p><p></p><p>Right now, Express (taken as a separate opco), has a liquidation value GREATER than its value should the company be listed with its separate stock (this would make it ripe for 'hostile takeover'). If Express had its own separate stock (there is a VERY GOOD REASON why it doesn't - Fred and cronies want to keep their jobs, it would be unlikely if FedEx had separate stocks for each opco), then IT WOULD be ripe for hostile takeover. </p><p></p><p>In this case, an outside equity firm would place a 'fair market' proposal to acquire a majority of the outstanding stock. (Let's use a figure of $15 BILLION just to give something to get a handle on). Then, if the company was taken over, the outside investors would have ALREADY done an accounting of the companies assets - then made a plan to sell off those assets for a price that is GREATER than the price they acquired the company for. So in this hypothetical example, the investors would've paid $15 BILLION and figured they'd cold get $20 BILLION in total cash from selling off company assets (then the company is closed down, the assets distributed to stock holders). They'd make a return on investment of 33% within a very short period of time, and the investors of the equity firm would be happy. </p><p></p><p>In a large majority of 'hostile takeovers', the company's management has failed to realize that the value of one of their assets (more often than not, owned real estate), has APPRECIATED in value while its profitability has dropped over the same time. The company's book value becomes markedly greater than its market value - and the vultures begin to circle. </p><p></p><p>What our OP has run into, is what I've been stating is going on for quite some time - that you as an Express employee ARE NOT VALUED by your employer. You are seen as a liability, a troublemaker, a potential 'cancer' that poses risks to improving the value of the company's stock. If you don't like it - hit the door. I'm just rather surprised that our OP seems to just be learning this (I"m going to play nice...), it took hearing it from the 'horse's mouth' for it to finally sink in. </p><p></p><p>FedEx considers its wage rate for its Express employees to be HIGH. They want to pay Ground wages (what they consider to be 'fair market wages'). They are slowly, but surely moving towards that (Express compensation is slowly diminishing, Ground compensation is slowly increasing to meet 'real' market demand for a somewhat stable workforce). If as an Express employee, you don't like the way you are being compensated, hit the door - it is what your employer WANTS. You can be replaced with someone who will be a little more grateful (and desperate, pliable and controllable), to ease the way for Express to get those double digit profits it wants (to get the stock price up where it wants). </p><p></p><p>I said it when I posted a few months ago about my purchasing FedEx stock, I was placing a bet on FRED - on his ability to get what he wants, since it was clear that the wage employees weren't going to put a stop to it. Well, it is now almost 9 months later, and Fred is implementing his plans and the wage employees are getting 'uncomfortable'. I don't know why, this SOB that posts as R1a has been telling you for years what is coming. The only variance is in the chosen speed Fred has utilized to unroll his plan. He is brilliant when it comes to deception, so that is why I placed my 'bet' on Fred last autumn and purchased stock. </p><p></p><p>To make it clear, I would love NOTHING MORE, than to have to sell that stock back at the same price I purchased it - IF, IF, IF, you guys would get off your asses, organize yourselves and get paid and treated as you should be. But since that won't happen - I'd might as well make some money myself - I got a number of years I was with Express in which I was severely under compensated - I'M going to make up for that.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1168154, member: 22880"] There is no 'hostile takeover' attempt anywhere in sight for FedEx. This manager IS spewing talking points that were cooked up on order to quash employee dissent though. The anticipated stock price is [U]right on target[/U]. I posted not too long ago (you can look it up here, my purchase of that stock was one of the reasons I went silent last autumn and didn't post again till late this February) that I - yes I, purchased FedEx stock (through 3rd party) last autumn based off the impending reorganization going on within Express AND the extreme profitability of the Ground segment. Express hit 'a bump in the road' this past spring on the road to getting towards that stock price - but get there it well, REGARDLESS of what that means to you as an Express employee. I have a sell order with a target VERY close to the figure the OP stated ($114), so on that part, the manager in question either knows what the hell they are doing (independently of corporate talking points - NOT likely), OR, that a corporate wide talking point was made in this 'presentation' (MOST LIKELY). [I]This should tell you something folks... Naw... that RIa is full of crap, what we're experiencing is merely coincidence....[/I] FedEx is in NO way looking to do the OPPOSITE of a 'hostile takeover' either, that is sell off profitable portions of the company to outside investors. Of all the opcos, Ground is the only one really raking in the cash, the 'selling price' of the other opcos (should one have to figure out one), would come to peanuts. They would sell for less than their book value. A company's stock is more a reflection of its ability to create RELIABLE profits year after year, NOT the liquidation value of all its assets. Most well run companies have a valuation (market value of all outstanding stock) that is GREATER than the liquidation value of its assets. A well run company, through its profitable operations has created a financial synergy, that is the value of the company as a whole is GREATER that the sum of the liquidation price of its assets. Right now, Express (taken as a separate opco), has a liquidation value GREATER than its value should the company be listed with its separate stock (this would make it ripe for 'hostile takeover'). If Express had its own separate stock (there is a VERY GOOD REASON why it doesn't - Fred and cronies want to keep their jobs, it would be unlikely if FedEx had separate stocks for each opco), then IT WOULD be ripe for hostile takeover. In this case, an outside equity firm would place a 'fair market' proposal to acquire a majority of the outstanding stock. (Let's use a figure of $15 BILLION just to give something to get a handle on). Then, if the company was taken over, the outside investors would have ALREADY done an accounting of the companies assets - then made a plan to sell off those assets for a price that is GREATER than the price they acquired the company for. So in this hypothetical example, the investors would've paid $15 BILLION and figured they'd cold get $20 BILLION in total cash from selling off company assets (then the company is closed down, the assets distributed to stock holders). They'd make a return on investment of 33% within a very short period of time, and the investors of the equity firm would be happy. In a large majority of 'hostile takeovers', the company's management has failed to realize that the value of one of their assets (more often than not, owned real estate), has APPRECIATED in value while its profitability has dropped over the same time. The company's book value becomes markedly greater than its market value - and the vultures begin to circle. What our OP has run into, is what I've been stating is going on for quite some time - that you as an Express employee ARE NOT VALUED by your employer. You are seen as a liability, a troublemaker, a potential 'cancer' that poses risks to improving the value of the company's stock. If you don't like it - hit the door. I'm just rather surprised that our OP seems to just be learning this (I"m going to play nice...), it took hearing it from the 'horse's mouth' for it to finally sink in. FedEx considers its wage rate for its Express employees to be HIGH. They want to pay Ground wages (what they consider to be 'fair market wages'). They are slowly, but surely moving towards that (Express compensation is slowly diminishing, Ground compensation is slowly increasing to meet 'real' market demand for a somewhat stable workforce). If as an Express employee, you don't like the way you are being compensated, hit the door - it is what your employer WANTS. You can be replaced with someone who will be a little more grateful (and desperate, pliable and controllable), to ease the way for Express to get those double digit profits it wants (to get the stock price up where it wants). I said it when I posted a few months ago about my purchasing FedEx stock, I was placing a bet on FRED - on his ability to get what he wants, since it was clear that the wage employees weren't going to put a stop to it. Well, it is now almost 9 months later, and Fred is implementing his plans and the wage employees are getting 'uncomfortable'. I don't know why, this SOB that posts as R1a has been telling you for years what is coming. The only variance is in the chosen speed Fred has utilized to unroll his plan. He is brilliant when it comes to deception, so that is why I placed my 'bet' on Fred last autumn and purchased stock. To make it clear, I would love NOTHING MORE, than to have to sell that stock back at the same price I purchased it - IF, IF, IF, you guys would get off your asses, organize yourselves and get paid and treated as you should be. But since that won't happen - I'd might as well make some money myself - I got a number of years I was with Express in which I was severely under compensated - I'M going to make up for that. [/QUOTE]
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