FedEx: More Buybacks Please
September 30, 2014 at 09:39 AM EDT
FedEx (FDX) authorized a new share buyback plan yesterday after the close–and Citigroup’s Christian Wetherbee and team can’t help saying “I told you so.” They explain why: Getty Images We believe management thinking has evolved toward operations and capital allocation and underpins our bullish thesis. We point to several moves over the last 18 months [...]
