|
absolutely, and i think the stock has been pummeled too hard lately, however, i think the dynamic of this company has shifted back towards what the company historically was. that is, a transport company. do not get me wrong, FDX is an information technology company as well. they have re-invented themselves and pulled away from the ABF 's by exploiting technology, good customer service, and good marketing, but they still derive their revenue from physically shipping parcels and with that comes the exposure to fuel, heavy equipment , labor and the like. having said that, i do think the stock is a buy. |
