General Market Question
FDX at it s 52 weeks low.Any good reason for this?
Would you buy it at this level with long term horizon ?Ty
Asked by happyfeet in
General Market
one year ago
Stocks referenced: FDX
Best Answer
989 points
rvilmur answered one year ago …
The basic answer is high fuel costs. FDX is a package mover and moving packages takes energy which is now at a very high level. This will squeeze profits. The market seems to think that the era of cheap energy is gone. It will take time for the whole shipping industry to adjust to the new reality.
So while there may be some small stock price rises in the future, the long term outlook is not good and I would not buy it at this time.
