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Not Cool, Fed Ex
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<blockquote data-quote="cheryl" data-source="post: 542822" data-attributes="member: 1"><p><strong>Not Cool, FedEx - Motley Fool</strong></p><p></p><p>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?</p><p></p><p>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 <em>write down</em> 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?</p></blockquote><p></p>
[QUOTE="cheryl, post: 542822, member: 1"] [B]Not Cool, FedEx - Motley Fool[/B] 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 [I]write down[/I] 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? [/QUOTE]
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