MW: US regained 2.5 million jobs in May, unemployment falls to 13.3%, BLS says
MARKETWATCH reports: In a big surprise, the government said the economy added 2.5 million jobs in ...
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 name and the company has been written about ...