| By the way speaking of the success of the USPS...
The revisions increased the 2007 first-quarter loss to $3.0 billion, up from the $2.7 billion loss reported last year. There also will be revisions to second- and third-quarter 2007 results. The annual net loss of $5.1 billion for 2007 is not affected.
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FedEx reported earnings of $610 million, or $1.96 per share for the three months ended May 31, up from $568 million, or $1.82 per share, a year ago.
For all of fiscal 2007, FedEx earned $2.02 billion, or $6.48 a share, up from $1.81 billion, or $5.83 a share, the previous year. Revenue rose to $35.2 billion from $32.3 billion a year earlier.
Ummm...yeah...Postal service is subsidized by the gov't and loses 5.1 billion last year....Fed Ex is private and makes 2+ Billion...yeahhhhh. Definitely a point for a well ran gov't entity. Good call on that one. Which one would you invest your $$ in?
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LIBERALISM
The haunting fear someone, somewhere can help themselves.
"Over the last fifteen months, we’ve traveled to every corner of the United States. I’ve now been in 57 states..."
Barack Obama |