FedEx (FDX) Message Board

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Non-Tech : FedEx (FDX)

FDX 253.90

-3.1%

Nov 10 3:59 PM EST

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To: Tradegod who wrote (261)	12/8/1998 9:06:00 AM
From: Diamondcutter	Read Replies (2) of 524

People sold the stock on the news because, in my opinion, that FDX is not an "undiscovered" internet play of any near term signifigance regardless of the bubbily Barrons author. FDX is designed for time definite delivery of high value products, preferably from business to business (multiple packages delivered to an address saves money on a per package delivery cost). Internet sales for items like Dell computers (per Barrons) would fit FDX's strategy nicely, but the Amazon.com books, CDs and other cheap items are what FDX has purposely tried to MINIMIZE in its system beginning two years ago. Even if designed for second day delivery, they end up pushing out next day delivery goods. FDX also does not fit the typical profile of the trendy internet stocks as it has an ample float of shares. Look at the relatively small number of shares available for purchase at the ebays and its like. I beleive much of the frenzy in these stocks is due to the high demand and small supply of shares. Not so for FDX. Beware for the other internet stocks if insiders or other major shareholders begin selling. FWIW Diamondcutter

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