Thursday, March 20, 2008

BUBBLE VISION SAYS "Recession is over" ??



FEDEX
For its fiscal fourth quarter, FedEx sees earnings per share of $1.60 to $1.80, which is tantamount to a warning given that the current consensus estimate is $1.95. FedEx said its guidance assumes no additional increases to current fuel prices and no further weakening in the economy.
"Looking ahead to our fiscal 2009, we are expecting a continuation of fourth quarter trends, which would result in limited earnings growth next year. We are scrutinizing all expenses and investments to realign them with the current environment."
A BUST in commodities isn't necessarily a GOOD THING

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