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Non-Tech : FedEx (FDX)
FDX 268.67+0.4%3:59 PM EST
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To: Darryl Olson who wrote (26)12/11/1997 1:16:00 PM
From: P.T.Burnem   of 524
 
From today's DJNS:

"One result is that continuing benefits to FedEx from the UPS strike have been undercut. The company says it has retained 10% to 15% of the surge of new business it picked up during the strike, but most of that volume is in the new three-day category, where margins have been squeezed by start-up costs. "

Another word, the new 3-day service is well-positioned to take some business away from the UPS.

The stock is down today - thanks to DJNS' negative spin - but not to worry. FedEx is a great e-Commerce play, and getting better.

PTB
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