September 25, 2018
Low Valuation in FEDEX CORP (FDX-US $239.01)
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business
services through companies competing collectively, operating independently and managed
collaboratively, under the FedEx brand. The Company’s segments include FedEx Express,
TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
JUSTIFICATION:
My mother always said: buy quality and you’ll do well. We like the strength of the FEDEX brand, the strong balance sheet, solid track record and positive earnings outlook. We also like FDX because it will benefit from deliveries associated with online sales (think Amazon). We believe this is a case of good quality that is currently on sale. The Purple Chips 12 -18 month target is $USD 280.00.
