We don't think so and this would be the thesis of this write up to articulate how the company might be an attractive investment at the current stock price.
Expeditors International of Washington (NASDAQ:EXPD), or "the company" or "Expeditors International" for purposes of this article, is a global logistics company based in Seattle, Washington. The company is engaged in air and ocean freight consolidation and forwarding, custom clearance, cargo insurance and similar value added services for its customers. Unlike FedEx (NYSE:FDX) or United Parcel Service (NYSE:UPS), the company does not engage in speedy delivery of products, such as small parcel business or overnight delivery. Similarly, it does not own aircraft or steamships but only...
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