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FedEx contractor revolt?
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<blockquote data-quote="bacha29" data-source="post: 5348008" data-attributes="member: 58386"><p>Financial community might be paying attention but only the major shareholders can take action Deutsche Bank not listed among FDX largest shareholders. Among institutional investors Vanguard Group is the largest. A closer look seems to reveal that there are more buyers than sellers of the stock.</p><p> </p><p></p><p>This what these guys are so angry about. They can't make any money running their routes. Can't get any money out of their contracts because they are worth less every day. FXG seems ready to respond harshly if there's an organized revolt. </p><p></p><p>I told them not to get greedy. Hanging around too long would be their undoing. Three or fours years ago speculators and contract flippers with no prior experience in the transportation industry were coming from every direction paying ridiculous prices for contracts not realizing that the industry was approaching it's pinnacle . Smart money struggled to keep a straight face when they signed the papers.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5348008, member: 58386"] Financial community might be paying attention but only the major shareholders can take action Deutsche Bank not listed among FDX largest shareholders. Among institutional investors Vanguard Group is the largest. A closer look seems to reveal that there are more buyers than sellers of the stock. This what these guys are so angry about. They can't make any money running their routes. Can't get any money out of their contracts because they are worth less every day. FXG seems ready to respond harshly if there's an organized revolt. I told them not to get greedy. Hanging around too long would be their undoing. Three or fours years ago speculators and contract flippers with no prior experience in the transportation industry were coming from every direction paying ridiculous prices for contracts not realizing that the industry was approaching it's pinnacle . Smart money struggled to keep a straight face when they signed the papers. [/QUOTE]
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