Replies to post #299677 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

No TJ, Distribution Days were post Labor Day. This is a Bagholder Day (one of many to come IMTO)

Example- AGEdwards' Easy Al Downgrades FDX Today !!
(FDX) Downgraded to Hold from Buy We are downgrading the shares of FedEx from Buy to Hold on a valuation basis only. At 7.5 times our fiscal 2005 estimate on an EV to EBITDA basis, we see the shares as fairly valued and in line with the 8.5% ROIC being produced. Still offering some upside as earnings growth develops but already trading at the upper end of its historic valuation range. Simply put, although we continue to be very bullish about the prospects of FedEx the company, the recent run-up in the stock`s valuation has left us less enthusiastic about the short-term prospects for the stock. FedEx releases its quarterly earnings on Wednesday morning (9/22) and although it has already released higher guidance (for the fourth time in the last six months), we see value in becoming more circumspect about the stock.