FedEx (FDX) Message Board

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Non-Tech : FedEx (FDX)

FDX 254.84

+0.4%

11:07 AM EST

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To: Mark T. Heath who wrote (170)	8/11/1998 11:18:00 PM
From: RangeRover	Read Replies (1) of 524

Got the latest value line report on FDX it says "that the company is is continueing to agressively build its shipping and distribution networks abroad, and the spending here, couple with the turmoil in Asia, which is a large market for FDX, will likely keep this unit at or close to the breakeven mark for the next several quarters." Foreign business ended the Feb. quarter having posted an almost 7 million loss, versus a profit last of year of close to 34 million". Take all this for what it is worth, this is not my opinion this is Value lines opinion. Just thought it might be of interest to everyone....... P.S. It did not say how much revenue comes from Asia at all in their report. Stockman8

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