265M of after tax pension expenses that are fake. A big increase from 2 years ago due to arcane accounting rules. So profit isn't really doing that bad when u add back a fake pension expense.
its fake cuz fedex lost the money in 2012 but the loss is recognized yearly from 2013-2023. U could just take the loss out in 2012 and therefore it doesn't exist in 2013-2023
Tell that to the market. At least you can count on your measly cash dividend until the stock recovers.
ya I am fine with it dropping. I am just saying there is a fake expense in their results