pilotyip said:What message is going to be sent to the public? We do not care about servicing you?
It is not a message to the public, as much as a message to the shareholders and institutional investors. The company cannot continue to make record profits and not pay their employees.
And F-18 guy is right. FDX stock is down 20% off its high and is a bit under pressure. Next point of resistance is low 70's. This stockholder meeting is very important to Fred. I am sure he is hoping to instill some confidence, especially for the institutional investors, that the stock will rebound. Showing unity that we are unhappy with negotiations may put some pressure, by the institutional investors, on the company to expedite. 73% of the shares of FDX stock are held by institutional and mutual fund holders. See you on the 26th.
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