June 26, 2015 FedEx update

The FedEx report is updated and the rating is (lower) Buy at $172.85. This is a strong company. The valuation is not compelling but it may be worth taking a small position in at this time. I marvel that the company charges an average of only $12 for an overnight express (air) envelope within the United States and $21 for an overnight express (air) parcel. (Meanwhile Canada Post charges about $18 to deliver a greeting card to the other end of Canada on an “expedited” basis which arrives after three business days!). The efficiency of FedEx and UPS is what makes online retailing feasible. FedEx also notes that as it expands into various countries such as in Europe it provides a benefit to those economies by facilitating speed in business and by offering affordable delivery service.