FedEx: Cash is King
March 03, 2015 at 10:43 AM EST
Citigroup’s Christian Wetherbee and team explain why they prefer FedEx (FDX) to UPS (UPS): Bloomberg News A core point to our bullish thesis on FedEx is that execution on its plan to improve Express profitability while growing Ground will ultimately drive improved free cash flow (long a sore point for investors). Based on progress to date, [...]
