FedEx Tells Warren Buffett: The Check's Not in the Mail

• Report this Comment On September 18, 2009, at 4:18 PM, bhaskarb wrote:

  Buffet did not claim that the economy is improving, he still claims its lousy but that the "depression" scenario is no more...

• Report this Comment On September 18, 2009, at 4:33 PM, TigerPack wrote:

  When FDX reports its first YOY (year-over-year) gain in total revenues likely in the February Quarter of 2010, FDX's stock price will be over $100 a share, well above the $35 stock low in March-April!

  When there is NO dispute about the health of the economy next year, the Dow will surely be above 11,000 if not 12,000.

  Waiting for the recession to "officially" end before making an investment decision, has been a horrible investment strategy in past cycles, and this one has proven no different. Same ole, same ole, based on my 25 years of trading and investing.

  P.S. the revenue/sales comparisons YOY will be quite positive in another 3-6 months for the majority of businesses, and the stock market is already "discounting" a nice UPTURN in economic activity in 2010.

• Report this Comment On September 18, 2009, at 10:05 PM, petergunn34 wrote:

  Hmmm....Let me see if I have this right. The world's greatest investor (who did not see the start of the recession and took billions in market losses in the value of Berkshire Hathaway), is now able to see with his crystal ball that the recession is over. I'll believe the recession is over when Charlie Munger agrees its over. Then again, Warren may be right. This recession may be over. Perhaps the start of the double dip recession is just over the horizon? What happened to the $12 Trillion or so in toxic assets. Can anyone here say, and all together now, "Mark to market".

• Report this Comment On September 19, 2009, at 10:34 AM, AlexisMachine wrote:

  Warren Buffett did not announce the end a the US recession and if he had you'd be a boob for taking a word of such blather seriously. Let me count the ways: 1) Anyone who has heard 5% of what Buffett has had to say about the state of the economy and the short to mid term outlook would know that he takes a dim view of the former and skeptical view of the latter, at best. 2) Warren Buffett's unquestionable investment wizardry qualifies him as an excellent source for a stock tip and nothing else. Why anybody thinks that Warren Buffett's political, meteorological or astrological forecasts are worth any more than the next guy's is a mystery indeed. I think he would tell as much himself if asked and has said as much on numerous occasions. Quite frankly as far as his political opinions go you can put them in a bag and step on them, because that's what they're worth. 3) Buffett has not exactly made a secret out of the fact that his entire investment strategy and philosophy is built entirely around a LONG TERM outlook on every security he has ever invested in. The short term day to day and month to month fluctuations of the stock market are irrelevant to Mr. Buffett as he has made clear 100's of times. 4) Finally aside from Warren's timeless investment advise to buy low and sell high the only real, solid investment advice he has offered regarding the US economy is that stocks are still a good investment over the long term,( 10 years and up.) and that if your going to bet, bet on America. I would take that advice to the bank.

  As to the commentary by Tigerpack, Aka. "Warren Buffett Jr." I must add the following thoughts:

  First: Congratulations are in order for the tens of millions of dollars Tigerpack will be pocketing buying FDX on margin at $76.00 a share & betting his eyes on a certain 33%+ gain as I'm sure he has. Another genius getting rich by taking all his stock advice from that slob Kramer the benighted boob of investment buffoonery.

  Second: As to there being NO dispute over the robust "health" of our economy next year being proven by the Dow being north of 11,000 if not 12,000, how truly profound. I have to wonder how much this clown pooped off when the NASDAQ at 5,000+ proved the indisputability of sound investing in tech stocks with 100+ P/E ratios.

  Third: The concept that one does not wait for a recession to "officially" end before investing is so obvious it is virtually self-evident. Than again so is the fact that 25 years of trading and investing since 1984 places an investor squarely outside of any market experience remotely resembling the one we are experiencing now. Therefore you would have to be a real jerk to think that the market cycles from 1984 on are a wise barometer of what the current market cycle will resemble in any way. This would be like saying that your years of savvy investing have shown you that Nortel/NRTLQ at .09 cents a share is a steal because the stocks past high of $144.19 on 3/1/2000 proves you'll make at least 1000 times your money if not 1500 times it as past cycles have shown. I suppose this titmouse thinks that having been an investor during the great stock market crash of 1987 he has all the proof he needs to know the way things were during the crash of 1929 and is armed with the experience to know just what the markets will do next.

  P.S. The YOY comparisons need to be a hell of a lot more than quite positive 3-6 months from now,(whatever that means.), considering they are in the toilet now and any increase that on average would normally be considered "quite positive" will not improve those figure enough to get them out of the bowl in this case. So as far as your "discounted" nice UPTURN in economic activity in 2010 is concerned the only question I have to ask a person who shares this sentiment is, "Can you even poop on the tall toilet?."

• Report this Comment On September 20, 2009, at 9:29 AM, deadlysaber wrote:

  Many parts of the world are in recession or at least facing a downturn in the economy. At these times, redundancies and cutbacks are announced on almost a daily basis. Like all events, the current economic challenges present the opportunity for learning for current business leaders.

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  Money without intelligence is like a car without a road.

  http://www.intelligentinvestingtips.com

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