| StreetInsider.com - Insiders' Edge |  | | Warnings, Warnings Everywhere | ![]() | Today there were massive guidance cuts at companies representing a wide cross-section of the U.S. economy.
The most egregious warning was from overnight delivery company FedEx (NYSE: FDX). For 2009, FedEx reduced its earnings guidance to $3.50 to $4.75 per diluted share from the previous guidance of $4.75 to $5.25. The company cited significantly weaker macroeconomic conditions. Everyone knows the economy is slowing, but the warning is so scary because the company is benefiting from lower fuel prices and the departure of DHL from the U.S. domestic package market. When FedEx was warning the past few quarters it was because crude was sky-rocketing, from $50 to $150. Now that crude has fallen back down from $150 to $50, you would expect to see a massive benefit to the bottom line. Well this was not the case for FedEx, as business has clearly hit a brick wall. Shares of FedEx are down 14% today on the news. CONTINUE>>>> More Insider Blog: http://www.streetinsider.com/Insiders+Blog FREE RSS Feed: http://www.streetinsider.com/freefeed.php?cid=6 | | | 
| Insider Trade of the Day - PRIMEDIA (PRM) PRIMEDIA Inc. (NYSE: PRM) CEO, Charles Stubbs, bought 16,500 shares on 12/08 at $1.02-$1.28, bringing his stake to 26,500.
Shares of PRIMEDIA are down 6% today to $1.25. The 52-week range is $0.69-$10.10.
Other PRIMEDIA execs also recently disclosed insider buying: Director Daniel Ciporin bought 20,000 shares on 12/08 and VP Arlene Mayfield bought 10,000 shares on 12/08. PRIMEDIA also recently announced a $5 million share repurchase plan. More Insider Trades : http://www.streetinsider.com/Insider+Trades FREE RSS Feed: http://www.streetinsider.com/freefeed.php?cid=25 | | 
| | Upgrade To Watch - Omnicare (OCR) Soleil Securities upgrades Omnicare, Inc. (NYSE: OCR) from Hold to Buy. Price target $34.50.
Soleil analyst says, "Upgrade to Buy from Hold as we believe the problems of the last several years, relating to the rollout of Medicare Part-D and the integration of a series of larger acquisitions, have been addressed. With a roughly... MORE More Upgrades: http://www.streetinsider.com/Upgrades FREE RSS: http://www.streetinsider.com/freefeed.php?cid=9 |  | | 
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