SEEKING ALPHA‘s “Return on Capital” writes:
– Due to its “operate independently” mantra, FedEx has a bloated, underutilized and chronically unprofitable domestic Express network.
– Recent actions suggest that FedEx is in the early innings of integrating this network with its robust Ground infrastructure. Based on my estimates, this could drive 300-500 bps in margin.
– This can double the company’s stock; a multiple re-rate provides even further upside.
FedEx (FDX) is a well-known …
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Source: The Loadstar