Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Friday, November 21, 2008
Relax Its Fedex
Fedex (FDX) declared the same old dividend at $0.11 per share payable Jan 2 to holders as at close of business Dec 12 which just happens to be a Friday. So let’s see the company is warning of poor economic conditions and strong head winds in revenue growth. But they keep the dividend the same and they let you sell the stock for tax loss purposes after you qualify for the dividend and then re-buy early in the New Year before too much will get going. That’s very well thought out on many levels.