Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
FedEx Discussions
Duplicity
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="FedEx All the Way!" data-source="post: 501104" data-attributes="member: 18070"><p><u><strong><span style="font-size: 18px">HERE'S SOME POSITIVE NEWS!</span></strong></u></p><p></p><p></p><p><strong><strong><span style="color: Red">FedEx Has the Whole Package</span></strong> </strong></p><p></p><p> <strong>Jesup & Lamont sees improvement month to month for the shipper.</strong></p><p></p><p> .rssWindow { position:absolute; left:325px; top:570px; width:0px; height:0px; z-index:4; border: none; } <p style="text-align: center"></p> <p style="text-align: center"></p><p><strong>WE ARE UPGRADING THE</strong> common shares of <a href="http://online.barrons.com/public/quotes/main.html?type=djn&symbol=FDX" target="_blank">FedEx</a> (ticker: FDX) to Buy from Hold ahead of the third-quarter-earnings release on Thursday, March 19. We believe the risk/reward ratio is relatively attractive with 15% downside and 35% upside potential to our $54 price target.</p><p> <img src="http://s.wsj.net/public/resources/images/ON-AL400_bHOTFD_NS_20090317165204.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />We are upgrading the common shares of FedEx because we believe volumes are stabilizing. We do not believe business is getting worse, but we do not believe business is getting significantly better. Year over year, we are still seeing volume declines in the 20% range, but we are also seeing slight improvement on a sequential monthly basis.</p><p> We are estimating FedEx will report third-fiscal-quarter earnings of 53 cents per share versus $1.26 last year and the consensus estimate of 47 cents.</p><p> The third quarter was a particularly difficult one for several reasons: There was no peak in December, the U.S. auto industry was shut down for four weeks between mid-December and mid-January, and world-wide economies have not started recovering at all.</p><p> For the fourth quarter, we are also estimating down earnings per share -- 82 cents versus $1.45 (excluding the $2.22 charge for Kinko's). We believe the guidance is more relevant, as noted we believe there are three outcomes: business getting better; business getting worse; and business is bottoming. In our view, the only outcome where the shares will decline is that business is getting worse, and we do not see that occurring. Business in February was up slightly from January, although it was still down by 20% on a year-over-year basis.</p><p> We are estimating fiscal 2010 EPS of $4.50, up from our $4.16 estimate for fiscal 2009. These shares have historically sold between 12 times and 22 times estimated earnings; we are using the low end of the range. As a result, we believe these shares can trade higher as world-wide economies improve.</p><p> <span style="font-size: 15px"><strong><span style="color: Red">The company has a strong balance sheet and has reduced capital spending to the low end of their historical range.</span></strong></span><img src="/community/styles/default/xenforo/smilies/FeltTip/greedy.png" class="smilie" loading="lazy" alt=":greedy:" title="Greedy :greedy:" data-shortname=":greedy:" /></p></blockquote><p></p>
[QUOTE="FedEx All the Way!, post: 501104, member: 18070"] [U][B][SIZE=5]HERE'S SOME POSITIVE NEWS![/SIZE][/B][/U] [B][B][COLOR=Red]FedEx Has the Whole Package[/COLOR][/B] [/B] [B]Jesup & Lamont sees improvement month to month for the shipper.[/B] .rssWindow { position:absolute; left:325px; top:570px; width:0px; height:0px; z-index:4; border: none; } [CENTER] [/CENTER] [B]WE ARE UPGRADING THE[/B] common shares of [URL="http://online.barrons.com/public/quotes/main.html?type=djn&symbol=FDX"]FedEx[/URL] (ticker: FDX) to Buy from Hold ahead of the third-quarter-earnings release on Thursday, March 19. We believe the risk/reward ratio is relatively attractive with 15% downside and 35% upside potential to our $54 price target. [IMG]http://s.wsj.net/public/resources/images/ON-AL400_bHOTFD_NS_20090317165204.jpg[/IMG]We are upgrading the common shares of FedEx because we believe volumes are stabilizing. We do not believe business is getting worse, but we do not believe business is getting significantly better. Year over year, we are still seeing volume declines in the 20% range, but we are also seeing slight improvement on a sequential monthly basis. We are estimating FedEx will report third-fiscal-quarter earnings of 53 cents per share versus $1.26 last year and the consensus estimate of 47 cents. The third quarter was a particularly difficult one for several reasons: There was no peak in December, the U.S. auto industry was shut down for four weeks between mid-December and mid-January, and world-wide economies have not started recovering at all. For the fourth quarter, we are also estimating down earnings per share -- 82 cents versus $1.45 (excluding the $2.22 charge for Kinko's). We believe the guidance is more relevant, as noted we believe there are three outcomes: business getting better; business getting worse; and business is bottoming. In our view, the only outcome where the shares will decline is that business is getting worse, and we do not see that occurring. Business in February was up slightly from January, although it was still down by 20% on a year-over-year basis. We are estimating fiscal 2010 EPS of $4.50, up from our $4.16 estimate for fiscal 2009. These shares have historically sold between 12 times and 22 times estimated earnings; we are using the low end of the range. As a result, we believe these shares can trade higher as world-wide economies improve. [SIZE=4][B][COLOR=Red]The company has a strong balance sheet and has reduced capital spending to the low end of their historical range.[/COLOR][/B][/SIZE]:greedy: [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
FedEx Discussions
Duplicity
Top