A Backdoor Play on Internet Commerce
Record amounts of online buying volume mean FedEx (FDX) can be sure of strong package flow. While net profit margins aren't quite what they were during the high-flying pre-recession days, that news is already being reflected in the valuation. Shares touched $121.40 in 2007, yet closed at just $88.46 Monday.
Fiscal 2013 earnings per share should come in just 3% to 4% below fiscal 2007's record of $6.67. Barring a total economic collapse, 2014 earnings will likely jump well to above that old peak. Zacks sees $7.81 by that point....334 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.