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).