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FedEx Rises on Chatter That Ackman May Take a Stake
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<blockquote data-quote="Ricochet1a" data-source="post: 1169163" data-attributes="member: 22880"><p>FedEx has a market capitalization of just over $32 BILLION currently. Some hedge fund getting a $1 BILLION stake gets them Fred's personal phone number along with access to conference calls - that's about it. </p><p></p><p>For any hedge fund to become a serious player in a corporations governance, they need to own at least 25% (and get holders of another 25%+ of shares to go along) - THEN they have power. <em>Sort of like how it would work for the Couriers..</em>.</p><p></p><p>Making a pitiful attempt to purchase 3% of a company's shares doesn't amount to a hill of beans. The market reacted as if this bozo knows something (he could've read it here that you guys aren't going to organize against Fred, so Express is going to get double digit profitability in the next year or so), or he may think that other institutional investors are at their limit with Fred's mismanagement of Express and would be interested in an outside party coming in and 'straightening things out'. Purchasing $1 BILLION in shares would be his 'ante' to show he is interested. </p><p></p><p>The price still has a bit to go until my sell order kicks in - so whatever this yahoo is doing, keep at it.</p><p></p><p>But if FedEx really thinks that they are at risk of an old fashioned hostile takeover - their paranoia has reached new heights. They have more to fear from you guys throwing a monkey wrench into the workings of Express - then worrying about any outside investor group trying to step in and oust Fred. </p><p></p><p>Who knows, maybe Fred is starting to get a little more paranoid of late. He's got enemies gunning for him from behind every rock it seems - he might as well think Wall Street is gunning for him now too.</p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 1169163, member: 22880"] FedEx has a market capitalization of just over $32 BILLION currently. Some hedge fund getting a $1 BILLION stake gets them Fred's personal phone number along with access to conference calls - that's about it. For any hedge fund to become a serious player in a corporations governance, they need to own at least 25% (and get holders of another 25%+ of shares to go along) - THEN they have power. [I]Sort of like how it would work for the Couriers..[/I]. Making a pitiful attempt to purchase 3% of a company's shares doesn't amount to a hill of beans. The market reacted as if this bozo knows something (he could've read it here that you guys aren't going to organize against Fred, so Express is going to get double digit profitability in the next year or so), or he may think that other institutional investors are at their limit with Fred's mismanagement of Express and would be interested in an outside party coming in and 'straightening things out'. Purchasing $1 BILLION in shares would be his 'ante' to show he is interested. The price still has a bit to go until my sell order kicks in - so whatever this yahoo is doing, keep at it. But if FedEx really thinks that they are at risk of an old fashioned hostile takeover - their paranoia has reached new heights. They have more to fear from you guys throwing a monkey wrench into the workings of Express - then worrying about any outside investor group trying to step in and oust Fred. Who knows, maybe Fred is starting to get a little more paranoid of late. He's got enemies gunning for him from behind every rock it seems - he might as well think Wall Street is gunning for him now too. [/QUOTE]
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