Chris Lau

FedEx CEO Calls Bottom and Slashes Guidance

I agree with your assessment. When I reviewed FDX, I concluded that FDX was not a stock to hold. Worse for FDX and the economy is that if FDX is struggling, the economy most likely is too.

I do not believe that historical valuation may be applied to FDX for quite some time. Unless the forecast is for growth to resume like "the good old days" the chances for this happening are low. Also, Kinko was not good on FDX balance sheet and is a distraction to the company.

Therefore, the market rally is likely going to be faced with a gradual sell-off.