With FedEx scaling back on payroll and even on its 401(k) matching contributions, the company didn't feel it prudent to fork over as much as $3 million for an ad. FedEx lowered its guidance two weeks ago.
Still, I wouldn't worry about the Super Bowl ad market's long-term prospects, either. Many companies simply face too much peer pressure pushing them to advertise during the Super Bowl. If Coca-Cola
I can respect FedEx's decision, but I don't necessarily agree with it. A Super Bowl ad is more than just a vanity plate. The right ad can be a real firestarter. True, this applies mostly to smaller companies such as domain-name registration specialist GoDaddy.com, or last season's E*Trade
FedEx is paying plenty already for the naming rights to FedEx Field, where the Washington Redskins play. Publicly pulling out of this season's highly watched Super Bowl is more a publicity stunt than a fiscal move.
In that sense, perhaps FedEx is milking more out of its decision not to advertise this time.
Well played, FedEx. You always know how to deliver.
PepsiCo is a Motley Fool Income Investor selection. Coca-Cola is a Motley Fool Inside Value pick. FedEx is a Motley Fool Stock Advisor recommendation. Try any of our Foolish newsletter services free for 30 days.
Longtime Fool contributor Rick Munarriz can't believe that his hometown Miami Dolphins are a win away from making the playoffs this season, after going 1-15 a year ago. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.