Hope this goes to $112 again - makes a great short
Look for another big earnings miss - concealed by a lot of "one time" expenses in SG&A like last quarter. Eventually all the accounting can not conceal fundamental weakness with prices going up too fast and customers switching to ground or leaving.
I can see this going down below 100 after there employe cuts are off the books and there is no profits could even be more. UPS has a much stronger bass when it come to ground service as they been at it much longer and fdx is hoping to stay afloat the air express package service is doing a bad job in my view. DHL pulled out as they saw it a waste of time and money.
Maybe. You never want to be short going into earnings because you don't know whats going to happen. We'll see what happens. I covered so I'm fine. Thinking the new short is around 117 with the Bernake put. Business model still weak. Of course with Bernake flooding the world with dollars its difficult to be short anything.