Let’s set the record straight: fiscal Q3 22 figures released by FedEx (FDX) last week were mostly uninspiring, apart from a couple of little nuggets that spiced up the ’what’s next for FDX?’ debate.

Here you go:

a) The bears had their thesis validated, all things being equal as they were, due to very little residual intrinsic value, with hindsight, up for grabs in the $220 a share area;

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