Fdx earnings beat shows the massive shell game on wall st

Discussion in 'Stocks' started by jnorty, Sep 11, 2009.

  1. jnorty


    I've been watching fdx in amazement for weeks on end. what caught my attention to fedx was how could this stock is up 130% off its lows in 5 months YET EARNINGS EST'S HAD FALLEN FROM 71 CENTS TO 44 CENTS IN THE LAST 90 DAYS.FEDX IS BASICALLY BACK TO PRICES IN 2005 OR SO WHEN EARNINGS WERE TWICE AS MUCH. so just a little while ago fdx prennounces they'll earn 58 cents. no wait a minute. 58 cents? weren't est's just 71 cents 90 days ago when the stock was $40? so the stocks up almost 100% and they still missed the est's badly from 90 days ago. it shows the massive shell game going on at wall street. be careful this could blow up at any time. something to keep in mind but right now that doesn't matter