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<blockquote data-quote="Ricochet1a" data-source="post: 990530" data-attributes="member: 22880"><p>This article was linked under the FedEx news section of this site, but I think it warrants closer attention in the general forum:</p><p></p><p><a href="http://www.forbes.com/sites/abrambrown/2012/07/03/fedex-hints-at-future-course-through-grim-asia-u-s-growth-analyst/" target="_blank">FedEx Hints At Future Course Through Grim Asia, U.S. Growth: Analyst - Forbes</a></p><p></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><em>A few months from now, FedEx promises to layout the roadmap to restructuring its express business, the company’s largest division that has lagged in recent years.</em></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><em>Savvy investors interested in FedEx’s future course through the weak global economics—particularly the troubling situations in the U.S., Europe and Asia—should pay attention to an recent adjustment in its aircraft order, says Citi analyst Christian Wetherbee in a new client note this morning.</em></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em><span style="color: #000000"><span style="font-family: 'Georgia'"><em>FedEx decided to replace an order of four Boeing 777s with 19 smaller Boeing 767s, suggesting a dimmed outlook on the continued growth of long-haul intercontinental lines, like Asia to the U.S. The move to the 767s would also allow greater flexibility throughout FedEx’s fleet; the planes would also be able to fly on international routes connecting parts of the U.S., Latin America, Asia and Europe.</em></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em>“We view the move as another sign that FedEx is backing away from its earlier strategy of going big with a bet (through the 777s) on the continued growth of long-haul intercontinental lanes,” Wetherbee says, who rates the stock as Buy with a $105 price target.</em></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em><span style="color: #000000"><span style="font-family: 'Georgia'"><em>Shares of FedEx rose 0.3% to $91.82 in early morning trading. FedEx is the world’s second largest shipper, and is often cited a bellwether for the broader economic climate. It competes with United Parcel Service, the largest shipper, and Deustche Post, which owns DHL. Its performance is frequently compared to other companies with large transit routes, like Union Pacific and C.H. Robinson.</em></span></span></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em></span></span></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em>The stock has outperformed the S&P 500 since 2009, rising 69% compared to the large cap index’s 49%. The stock trades at 14 times trailing earnings, making it cheaper than it has been in the past 10 years.</em></span></span></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><em></em></span></span></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><u><em>FedEx’s express business volumes and margins declined during the recession, and then failed to recover as quickly as other parts of the business. FedEx first announced that it would restructure the segment in March, and promised to fully layout its plans by October.</em></u></span></span></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"></span></span></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"><span style="color: #000000"><span style="font-family: 'Georgia'"></span></span></span></span></p><p><span style="color: #000000"><span style="font-family: 'Georgia'"></span></span></p></blockquote><p></p>
[QUOTE="Ricochet1a, post: 990530, member: 22880"] This article was linked under the FedEx news section of this site, but I think it warrants closer attention in the general forum: [URL="http://www.forbes.com/sites/abrambrown/2012/07/03/fedex-hints-at-future-course-through-grim-asia-u-s-growth-analyst/"]FedEx Hints At Future Course Through Grim Asia, U.S. Growth: Analyst - Forbes[/URL] [COLOR=#000000][FONT=Georgia][I]A few months from now, FedEx promises to layout the roadmap to restructuring its express business, the company’s largest division that has lagged in recent years. [/I][/FONT][/COLOR] [COLOR=#000000][FONT=Georgia][I]Savvy investors interested in FedEx’s future course through the weak global economics—particularly the troubling situations in the U.S., Europe and Asia—should pay attention to an recent adjustment in its aircraft order, says Citi analyst Christian Wetherbee in a new client note this morning. [/I][COLOR=#000000][FONT=Georgia][I]FedEx decided to replace an order of four Boeing 777s with 19 smaller Boeing 767s, suggesting a dimmed outlook on the continued growth of long-haul intercontinental lines, like Asia to the U.S. The move to the 767s would also allow greater flexibility throughout FedEx’s fleet; the planes would also be able to fly on international routes connecting parts of the U.S., Latin America, Asia and Europe. [/I][/FONT][/COLOR] [COLOR=#000000][FONT=Georgia][I]“We view the move as another sign that FedEx is backing away from its earlier strategy of going big with a bet (through the 777s) on the continued growth of long-haul intercontinental lanes,” Wetherbee says, who rates the stock as Buy with a $105 price target. [/I][COLOR=#000000][FONT=Georgia][I]Shares of FedEx rose 0.3% to $91.82 in early morning trading. FedEx is the world’s second largest shipper, and is often cited a bellwether for the broader economic climate. It competes with United Parcel Service, the largest shipper, and Deustche Post, which owns DHL. Its performance is frequently compared to other companies with large transit routes, like Union Pacific and C.H. Robinson. [/I][/FONT][/COLOR] [COLOR=#000000][FONT=Georgia][I]The stock has outperformed the S&P 500 since 2009, rising 69% compared to the large cap index’s 49%. The stock trades at 14 times trailing earnings, making it cheaper than it has been in the past 10 years. [/I][/FONT][/COLOR] [COLOR=#000000][FONT=Georgia][U][I]FedEx’s express business volumes and margins declined during the recession, and then failed to recover as quickly as other parts of the business. FedEx first announced that it would restructure the segment in March, and promised to fully layout its plans by October.[/I][/U] [/FONT][/COLOR] [/FONT][/COLOR] [/FONT][/COLOR] [/QUOTE]
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