Jim Cramer on FedEx: "CEO Raj Subramaniam Is One of My Heroes"

FedEx Corporation (NYSE:FDX) is one of the stocks in focus on Jim Cramer’s game plan. Cramer praised the company’s CEO during the episode, as he commented:

Plenty of earnings Thursday, but I want to start with what could be an explosive analyst meeting from Federal Express. Have you seen this thing run? CEO Raj Subramaniam is one of my heroes. He took the reins from the late founder Fred Smith, and he made him proud. What an extraordinary improvement in service while cutting out costs, billions of dollars. Not easily done.

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, e-commerce solutions, and supply chain management. Cramer highlighted the company’s freight spin-off during the January 16 episode, as he said:

… Just this morning, FedEx filed its Form-10 registration statement for its previously announced freight spinoff. Now, that starts trading independently at the beginning of June. This deserves a lot of attention, people… Let me just say that FedEx Freight could be a very compelling piece of paper if it gets spun off at a reasonable price. And by the way, they seem like very upbeat people.

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Disclosure: None. This article is originally published at Insider Monkey.