A FedEx Ground truck drives near a FedEx regional hub at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022.
Investors, already frustrated by last year's overly optimistic estimate for the holiday shopping season, were disappointed with its profit warning on Sept. 15.
Reuters spoke with Bradshaw and five other investors who bought FedEx stock when it looked cheap versus its more profitable and better performing rival United Parcel Service (UPS.N), believing a FedEx business revamp promised healthy returns.
FedEx warned business conditions would worsen in the current quarter, which ends as the key Christmas package delivery season begins.
Late last month, FedEx told Reuters it was confident in its "stress tested" holiday forecast for this year.