Longleaf Partners Comments on FedEx

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Jul 10, 2019

FedEx (NYSE:FDX), which Chairman Fred Smith built from scratch and transformed through acquisitions including Flying Tigers and RPS, should benefit as the company integrates its TNT acquisition in Europe. Earnings are troughing as this integration nears its end and the company’s value and earnings shift more to its higher multiple Ground and Freight divisions.

From Longleaf Partners' second-quarter 2019 shareholder commentary.

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