Replies to post #331356 on Option Millionaires

[uranium-pinto-beans]

$FDX --->>

FedEx 'inexpensive' for potential purchase by Amazon.com, says Loop Capital
Loop Capital analyst Anthony Chukumba notes the attempts by Amazon (AMZN) to continue its trans-Pacific shipping operation, having recently expanded home delivery service to additional markets with greater air cargo terminal capacity and airline fleet. While the analyst notes that both FedEx (FDX) and UPS (UPS) have downplayed the risks, he sees Amazon's continued expansion as a "slippery slope" for the established shippers that may lead to price cutting. Chukumba contends that "buying is more attractive than building", noting that Amazon could purchase FedEx, which trades at an inexpensive valuation of 10.6-times forward earnings and 6.5-times enterprise value to expected EBITDA multiples. Chukumba also keeps his Buy rating and $2,200 price target on Amazon