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Look for FedEx to deliver an upside surprise in 2009 |
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| Apr 13, 2009 04:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: FedEx Corp (FDX), Stocks to Buy  To be sure, iconic FedEx (NYSE: FDX) isn't a 'back up the truck' play, but it is a suitable position for investors who can tolerate moderate risk. Here's why: One could make a strong case that FedEx deserves to trade at the low end of it valuation, at a p/e of 10 or 12, instead of the current 21, given weak demand, and a probable, continued drop in package delivery volume in Q2 and Q3, but institutional investors aren't likely to take that stance. Continue reading Look for FedEx to deliver an upside surprise in 2009 Look for FedEx to deliver an upside surprise in 2009 originally appeared on BloggingStocks on Mon, 13 Apr 2009 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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