We all know the stock market has been hammered for some time now. However, today I noticed that FDX and UPS shares are now less than $5 apart?!
(Yahoo Finance 2/20/09 FDX $46.96 - UPS $42.80)
Heck, I remember when FDX stock was more than twice the value of a UPS stock.
The companies are very different yet similar in many ways. I thought that maybe the market has overreacted a little especially when it comes to the FDX shares?
If you do a 2-year comparison on the two stocks, percentage wise FDX lost the most (but of course they both took a beating).
I’m already investing some in UPS shares via our employee discount program. So I was wondering if now might be the time to be buying some FDX shares too?
I’d like to hear especially from FDX pilots if you are still buying your company shares?
Thanks.
Please refrain from disparaging comment on either company; I’m just curious if you think buying some Purple shares looks like a good or a bad idea right now?
FDX: Basic Chart for FEDEX CORP - Yahoo! Finance