7 Companies That Keep on Growing
FedEx
Much of package delivery firm Fed Ex's (FDX) growth came in the first half of the last decade, as sales had already reached $38 billion by fiscal 2008, three years ago. And you'd have to go back to fiscal 2006 to find peak profits, when EPS hit $6.48. That may explain why shares slipped from $110 in 2007 to a recent $90.
Growth should remain a bit muted while the global economy remains in a modest funk, but FedEx has ample leverage to an eventual global economic rebound. EPS could hit $10 by the middle of this decade, assuming the U.S. and European economies are growing at a moderate pace, and emerging markets are growing at a more robust pace.
FedEx was featured in "7 Stocks Set to Rise Above $100 in 2012."
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