6/20/24 :: VROCKSTAR :: 
FDX
Great biz but lacks juice
You'll have to forgive me fam, i'm out in vegas this week and in Miami next. i keep on top of it all tho as u know. except for i mis typed FDS which reports tmr and i'm writing up as we speak... and typed in the wrong ticker - so that's why i'm writing this lol
- 3.5% fcf yield. good. but for co that's not >5% (or better 10%) on the top line for tech, that's just better 10Y stuff. nothing i'd want to have sized up in my portfolio
- 14x PE looks cheap but remember this cash cow has like 35 bn of debt on 60+ bn of equity. that's not an ideal factor in this environment, so adj. for the debt and PE is really closer to 21x
- 21x is good, again, not great, growth should be 20% which makes 1x peg good... and... can you guess... not great.
so setup on the stock all else equal skews more +ve into results but this toppy tape is not one you can step into names unless u know the beats/ raises and multiples will expand. the charts already tell us the mkt will need more here.
so i'd rather just watch it on the sidelines. gl to holders.
V
FDXGreat biz but lacks juice
You'll have to forgive me fam, i'm out in vegas this week and in Miami next. i keep on top of it all tho as u know. except for i mis typed FDS which reports tmr and i'm writing up as we speak... and typed in the wrong ticker - so that's why i'm writing this lol
- 3.5% fcf yield. good. but for co that's not >5% (or better 10%) on the top line for tech, that's just better 10Y stuff. nothing i'd want to have sized up in my portfolio
- 14x PE looks cheap but remember this cash cow has like 35 bn of debt on 60+ bn of equity. that's not an ideal factor in this environment, so adj. for the debt and PE is really closer to 21x
- 21x is good, again, not great, growth should be 20% which makes 1x peg good... and... can you guess... not great.
so setup on the stock all else equal skews more +ve into results but this toppy tape is not one you can step into names unless u know the beats/ raises and multiples will expand. the charts already tell us the mkt will need more here.
so i'd rather just watch it on the sidelines. gl to holders.
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.