I didn;t realize what a terrible stock Fedex has been. Even before today's 20% drop it is flat for 5 years and for 15 years up just 5% per year.
and that includes its juicy 2% dividend. Hardly any stock price appreciation at all for 15 years.
this profit warning is important but there might be some execution problems here beyond the macro. Or that old trick when a company messes up...blame macro.