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Non-Tech : FedEx (FDX)
FDX 268.67+0.4%Nov 12 3:59 PM EST

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To: Ross Roberts who wrote (68)4/27/1998 5:55:00 PM
From: White Shoes  Read Replies (1) of 524
 
Ross, as a world renowned futurist I see it as a strong buy. <g> It seems to be going down right now, however. I think I'll wait until it stops going down before I buy in. Not following very closely but then again we've all heard of FedEx. Unlike most people, however, I do not see the story as boring but rather very, very exciting. Safe and poised for growth, if I were looking for less speculative havens for my money this would be one place.

I suppose we need to place a couple 'macro' concerns next to the obvious 'macro' fact that this business is going to grow in the next few years.

1. Is this a cyclical type stock that will get battered by recession fears since in a downturn all business that supports other business will have less business.

2. To support growth FedEx is investing heavily in new capital investments. The market doesn't seem to respond well to that in the short term but the response will eventually be positive when the growth occurs.

Very general comments mind you.
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