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Strategies & Market Trends : Value Investing

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Jurgis Bekepuris

To: Paul Senior who wrote (61535)	12/19/2018 10:27:53 AM
From: Paul Senior	1 Recommendation of 78714

FDX. Lowered this year's earnings estimate from "$15.50 to $16.60, down from $17.20 to $17.80, and compared with the $17.33 consensus estimate". Of course the stock is cratering. And maybe sending a scary signal that global growth (trade) is slowing. Now at $168/sh. and earnings est. of $15.50, that's a cheap (for FDX) p/e of 10.8. Company's business is intact; I'll bet on stock recovery within two years IF business doesn't worsen. In for a few more shares now; still just a very small position.

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