Post by
hawkowl1 on Oct 03, 2022 8:40am
New SXP target...lol not going to happen
FedEx Express operating income declined 69% due to an 11% year-over-year reduction in global package and freight volume. The impact of cost actions lagged volume declines and operating expenses remained high relative to demand. These factors were partially offset by yield management actions, including higher fuel surcharges.
Comment by
HermannHaller on Oct 03, 2022 9:15am
The FedEx news was primarily due to weakness in volumes in Asia and Europe. I don't think there is much correlation with SXP's business. If you recall from the Q2 conference call, SXP was gaining share in the US because competiting envelope companies were short staffed and facing paper supply issues.
Comment by
hawkowl1 on Oct 03, 2022 4:55pm
Thanks Herman. SXP is very cheap but I cant see it going to over $8 . Apparently 50% of Canadian families are having a hard time with food inflation,gas prices etc..Probably worse in U.S.