'One FedEx' blossoms, takes Mr Market's pulse with Freight spin-off allure
Here we go…
Shameless bragging rights. It was a month ago when, in the wake of a new record in the $61-a-share area*, we wrote: “No speed limit for XPO, the 2023 leader“.
That was quite brave.
(*Look now, its value-accretive story adjusted for various spin-offs to derive XPO trends from the old XPO Logistics, is shown in the table below. Notably, with XPO + RXO + GXO pro-forma at $156 on an aggregate basis, we are also about three bucks a share above record XPO Logistics pre-break-up.)
Ever since 10 ...
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