So you're saying FedEx is getting cheaper gas than the rest of the world, which must mean that their stock should trade at a premium to other companies? Are you serious? If they were saving so much money on gasoline, then why are they suspending 401ks and cutting management salaries? Anyone who holds this stock and is mad about the drop in price should have known a long time ago that it was going to happen.
Again, I must reiterate that I'm not bashing FDX as a company. They make billions, good for them! But from a stock standpoint, it's still overvalued compared to other companies of similar size and growth rate.