Few weeks ago, I added to my existing FedEx (FDX) long position. Though I will not call the current price of the stock a bargain, I think, over long run, the stock return will beat the market return. So, I am comfortable with adding more stocks of this dominant player to my position at current price. FedEx, just like Amazon, rarely trades at a cheap multiple to call it a real bargain. You can check my portfolio and purchase dates on the Portfolio page. Here is a quick look at the investment thesis for FDX. I will post a more detailed post later in the week.

Thesis Summary

Charts: Historical Financial Overview

(Note: Top picture courtesy erikleenaars)

(Disclosure: As of the publication of this post, I hold long position in FDX. Please read the full disclaimer below.)