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Toll Brothers Inc. Message Board

  • sage2123 sage2123 Mar 20, 2013 9:46 AM Flag

    Global Trade Bellweather FedEx Cuts Forecast

    We are lucky that in the new normal earnings, cash flows, news, and broadly reality, are completely irrelevant, and all that matters is the central bank-sponsored S&P multiple expansion (due to monetary dilution), or else the news from moments ago that FedEx once more cut not only its EPS but CapEx (and thus growth spending) may have been negative for stocks, and even mentioned by assorted propaganda networks. And since none of the above will happen, here is the bottom line: FedEx - the bellwether for global trade and logistics - just cut its year EPS from $6.20-$6.60 to $6.00-$6.20, and slashed CapEx from $3.9 billion to $3.6 billion. But at least in keeping with the demands of ZIRP, the company instead of spending on growth, which is obviosuly not there, will instead buy back 10 million shares of stock. This tells you all you need to know about the "recovery."

    Sentiment: Sell

 
TOL
35.57-0.46(-1.28%)Jul 11 4:03 PMEDT

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