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<blockquote data-quote="hypo hanna" data-source="post: 1363831" data-attributes="member: 42600"><p>The stock is high for a multitude of reasons. Company effeciencies are way up. (You are all working much harder for the same pay). This has boosted profits that fedex would rather give to the stockholders then employees. The stock dividend was raised this quarter and last year at this time. Both times we were being told how poor and unprofitable fedex was. </p><p></p><p>The stock market in general is booming. A rising tide lifts all boats.</p><p></p><p>Mostly, Fred and co. Are in the midst of a large stock repurchase program. Using these higher profits and buying back fedex stock drives up the price. This is a boon to executives who had givin themselves large stock options and a boon to their friends on Wall Street. In effect lining their own pockets at the expense of the company and the employees.</p></blockquote><p></p>
[QUOTE="hypo hanna, post: 1363831, member: 42600"] The stock is high for a multitude of reasons. Company effeciencies are way up. (You are all working much harder for the same pay). This has boosted profits that fedex would rather give to the stockholders then employees. The stock dividend was raised this quarter and last year at this time. Both times we were being told how poor and unprofitable fedex was. The stock market in general is booming. A rising tide lifts all boats. Mostly, Fred and co. Are in the midst of a large stock repurchase program. Using these higher profits and buying back fedex stock drives up the price. This is a boon to executives who had givin themselves large stock options and a boon to their friends on Wall Street. In effect lining their own pockets at the expense of the company and the employees. [/QUOTE]
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