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Bill Nygren's Oakmark Comments on FedEx

July 10, 2012 | About:
Holly LaFon

Holly LaFon

279 followers
From Oakmark's second-quarter 2012 letter:

Turning to FedEx (FDX), our investment thesis is that the market undervalues the stock because of management’s extremely long-term investing horizon. FedEx continues to build out its domestic ground system and its Pacific parcel network. As shipping density improves over time, profit margins should increase meaningfully.

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