FedEx Corporation (NYSE:FDX) is having a superb day today, stock is up 6.8 percent on wild rumors that this could be the one that Bill Ackman is buying. In short, Bill Ackman expressed his intention to open a single stock fund that will invest in a company he described as “simple, predictable, and free-cash-flow-generative and enjoys high barriers to entry.” Forward to the next day, and all of a sudden FedEx starts gaining big, fueling rumors that Ackman could be buying the mail shipping company.
Wild Speculation on Buying Fedex
This is purely wild...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
