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<blockquote data-quote="Uncle Rico" data-source="post: 83809" data-attributes="member: 4974"><p>I'll tell you the answer. Express, the core business Fred started, is hemmoriging volume to Ground and Home Delivery. Peak season, Valentine's Day (flowers and gifts) were nothing they couldn't handle. 3,4 years ago it was chaos with managers calling on courier companies to do alot of deliveries. </p><p>Stock is overvalued because again, smoke and mirrors. "Had not done analysis" sounds like a shell game to me. Can anyone smell Enron? Wall street should be smarter than this, but I guess Fedex has to play their own numbers game to look good exactly how their couriers have to smudge enough so they look good enough to keep their routes.</p><p>Labor costs to del a package have to be ridiculously lower when you pay an independent contractor to do your deliveries for you. Man, I can't wait for the spiralling drop that is going to happen when ALL of Fred's ICs become "employees" in the truest sense...Paying for their vehicles, fuel, health benefits. </p><p>What should be watched is the execs cashing in stock in chunks to beat the beating FDX stock is going to take. I'll bet someone has done the analysis on that.</p></blockquote><p></p>
[QUOTE="Uncle Rico, post: 83809, member: 4974"] I'll tell you the answer. Express, the core business Fred started, is hemmoriging volume to Ground and Home Delivery. Peak season, Valentine's Day (flowers and gifts) were nothing they couldn't handle. 3,4 years ago it was chaos with managers calling on courier companies to do alot of deliveries. Stock is overvalued because again, smoke and mirrors. "Had not done analysis" sounds like a shell game to me. Can anyone smell Enron? Wall street should be smarter than this, but I guess Fedex has to play their own numbers game to look good exactly how their couriers have to smudge enough so they look good enough to keep their routes. Labor costs to del a package have to be ridiculously lower when you pay an independent contractor to do your deliveries for you. Man, I can't wait for the spiralling drop that is going to happen when ALL of Fred's ICs become "employees" in the truest sense...Paying for their vehicles, fuel, health benefits. What should be watched is the execs cashing in stock in chunks to beat the beating FDX stock is going to take. I'll bet someone has done the analysis on that. [/QUOTE]
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