FedEx is due for a turnaround with $4 billion in cost cuts

FedEx is due for a turnaround with $4 billion in cost cuts

While declining shipping demand accounted for a 6.2% revenue decline, FedEx continues to make progress with its plan to lower overhead costs and other expenses.

Already the company is raising its forecast for its 2023 earnings while the stock trades at 15.3 times that 2023 estimate.

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FEDEX… Read More

Savings fuel new buyback plan

FEDEX CORP. $176 is still a buy for long-term gains. The company (New York symbol FDX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 260.2 million; Market cap: $45.8 billion; Price-to-sales ratio: 0.5; Dividend yield: 2.6%; TSINetwork Rating: Average; delivers packages and documents in the U.S. and 220… Read More

Beware: Activists get mixed results

Activist investors tend to target companies that can enhance shareholder value through asset sales or other moves. However, you have to evaluate these pressure campaigns on a case-by-case basis. Sometimes these moves succeed (see FedEx), but others seem poised to fail (Kohl’s).
FEDEX CORP. $216 is… Read More