Boring nerds for a boring economy
Aren't corporate profits here likely to be slightly sensitive to fuel price excursions?
Yes. But they are also very sensitive to the overall economic environment.
Since the sub-prime mortgage stuff started, it seemed like both of these companies could be impacted. If credit markets tighten, home sales slow down and volumes drop alot on their most lucrative deliveries... overnight packs (of mortgage-related documents.) But then of course there's always the fuel price problems - but aren't they so used to fuel price spikes so as to have forecasted them?
Post a Comment