FedEx Investors Lose Confidence in Company's Forecasting Abilities Dropping 28% Since New CEO

Per Reuters

Investors are questioning the ability of FedEx to make forecasts. Its stock has fallen 28% since Raj Subramaniam was named CEO.

The company is in hot water for issuing over-optimistic, full-year profit forecasts. Investors believe FedEx can generate higher profits by slashing costs, shedding assets, and combining the Express and Ground businesses.

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