FedEx: Fantastic Bargain
FedEx smashed FQ3 estimates on solid volumes and higher margins. The stock sold off on unwarranted expectations that Amazon could somehow disrupt the delivery sector so quickly. The stock is a bargain at the current valuation based on historical prices. Despite ongoing worries about a future entrant into the delivery sector, FedEx (NYSE: FDX ) continues to produce solid results that aren't impacted by competitive threats. The stock price though suggests a big impact is on the way from Amazon.com (NASDAQ: AMZN ) . Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.