If Fedex is a corrupt as Enron if such a thing is possible then there might be a similarity between the two that could serve to foretell the fate of FDX. But, I don't see one especially when you stop to look at who the largest holders of FDX stock are. Target price still 297.
And there you go. That’s what I mean when I say this isn’t about “bringing FedEx to their knees.”
But FedEx has played fast and loose with the balance sheets. Likely millions in contractor financed company blunders. Fuel supplement padding the profits. Devaluation of contractor businesses.
I don’t know that I’d call it corrupt but for the company not to address legitimate financial and structural problems with the model is at least terrible business. And for investors to ignore the implosion a key core component of the business they invest in is ludicrous.
So the stock price doesn’t drop. Why? Because investors aren’t paying attention? Or because they believe the company will address and fix the problem? What investors can’t do is ignore it and buy the company BS that everything is fine. If they do, and FedEx doesn’t address the issues, there’s no reason to believe FedEx couldn’t face a severe decline in value.