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<blockquote data-quote="Empty Pockets" data-source="post: 4200394" data-attributes="member: 77481"><p>The TNT deal is the worst acquisition we have done. At time of purchase, we went from 4 billion cash to 2 billion and from 3 billion in debt to 8 billion. Listed under "Total Longterm Liabilities." I heard this from a news article a after the takeover. That number has grown to 9 billion. The numbers can be seen here:</p><p><a href="https://finance.yahoo.com/quote/FDX/balance-sheet?p=FDX" target="_blank">FedEx Corporation (FDX) Balance Sheet</a></p><p>Just above the title, "Balance Sheet," there are two more links for "Balance Sheet" and "Cash Flow." It appears that last year was about the best year that we have had. However, liabilities are increasing. The current quarter ended Aug 31 and will probably be bad since the box count was down 19%.</p></blockquote><p></p>
[QUOTE="Empty Pockets, post: 4200394, member: 77481"] The TNT deal is the worst acquisition we have done. At time of purchase, we went from 4 billion cash to 2 billion and from 3 billion in debt to 8 billion. Listed under "Total Longterm Liabilities." I heard this from a news article a after the takeover. That number has grown to 9 billion. The numbers can be seen here: [URL="https://finance.yahoo.com/quote/FDX/balance-sheet?p=FDX"]FedEx Corporation (FDX) Balance Sheet[/URL] Just above the title, "Balance Sheet," there are two more links for "Balance Sheet" and "Cash Flow." It appears that last year was about the best year that we have had. However, liabilities are increasing. The current quarter ended Aug 31 and will probably be bad since the box count was down 19%. [/QUOTE]
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