FEDEX CORP. $155 - New York symbol FDX

FEDEX CORP. $155 (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 282.4 million; Market cap: $43.8 billion; Price-to-sales ratio: 0.9; Dividend yield: 0.6%; TSINetwork Rating: Average; www.fedex.com) has received approval from European regulators for its deal to buy Netherlands-based courier TNT Express NV. FedEx expects to complete the purchase by October 31, 2015.

The company will pay $4.8 billion. It held cash of $3.5 billion as of August 31, 2015, so it will borrow the funds it needs. Its long-term debt of $7.2 billion is a low 16% of its market cap, so it has lots of room to borrow more, especially at today’s low interest rates.

FedEx is a buy.

A professional investment analyst for more than 30 years, Pat has developed a stock-selection technique that has proven reliable in both bull and bear markets. His proprietary ValuVesting System™ focuses on stocks that provide exceptional quality at relatively low prices. Many savvy investors and industry leaders consider it the most powerful stock-picking method ever created.