Bezos stock wise has fared reasonably well these past few days and less than 1% of his stock is currently shorted but the trouble with it is that it's trading at nearly 80X earnings and if he were to try to buy out Fat Freddy the antitrust lawsuits would come flying from all directions.
Old guys are like a Pitbull with a locking jaw. Aint goin nowhere.
Isn't the only way he could buy FedEx is if he can get 50.1% of the stock? Is that much stock available? And even at today's prices that's a lot of money for a company he isn't familiar with how it runs.
Um, yes, but that requires buying enough stock to takeover. That's the point of a publicly traded company and why companies do stock but backs. They are vulnerable to takeovers if there's too much stock floating around as well as too much stock on the open market dilutes share value.
If stock is at $100 offer $118.
According to information publicly available institutional investors hold nearly 75% of the shares
But. but, but VanT knows all
But, but, but I apparently know more than you do....
Does that negate what I said? In order to control any publicly traded company you have to own more than 50% of its shares, correct?
How many billions would that be and once you have it then what? Y'all make it sound like buying a company as large and complex as FedEx is easy to do. If it's that easy why hasn't someone done it already? I can remember FedEx stock under $30 a share. Surely someone would have snatched it up then?
I don’t say it’s easy. I say it does happen. And you’re right. For Amazon, the money is the easy part.
A topped out courier making $30hr and averaging 5 hours of guaranteed pay a week is getting over $6500 a year in free money if you exclude 5 weeks of vacation and 4 weeks before Christmas. If he plans to work until 67 that's thousands of workers getting millions of free money for years to come. An incentive of say $10k to take pension now if eligible might make a dent in the pain. Might save FedEx $50-$100 million a year. With the new pay plan, assuming they don't suspend it in this environment, that's more and more people getting higher pay every year and most of them are getting free money too. Reducing the workforce allows restructuring of routes to get them above 35 hrs. As is all the stations with 4X10 rts are going to most likely 5 day shifts and you'll have a 4X10 cover driver added to the mix. So reduced hours for fulltimers.
Hahaha! $10,000? Who in their right mind would leave for that little bit of money?
