tnt fedex dreamstime_s_122106765
© Cineberg Ug

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 ...

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