Trading at 50x trailing FCF, twice the fair multiple. Huge increase in receivables this year does not bode well. Look for stock to come down to $40 at least. And this Fedex/UPS bomb scare will surely lead to less business.
Once again, you don't get EXPD. And the fact you think EXPD would be better off with some rent-a-CEO proves you have little understanding of the company culture. Move on to a company you know a little more about.
"....And guess what: if the exec's at EXPD just made what their peer group makes, EPS (and the share price, ostensibly) would be higher...."
Did you understand my first message regarding the compensation program? It doesn't sound like you did.
Sigh: you don't understand correlation either. Hint: you can't say x wouldn't have happened if y had not been in the exec chair.
Also, very funny how you would select the stock price to illustrate your point. The exec's have no control over stock prices, but control over a whole host of other metrics, nearly all of which have declined over the period you're referencing. And guess what: if the exec's at EXPD just made what their peer group makes, EPS (and the share price, ostensibly) would be higher. It comes out of the shareholders pockets, right into Medina real estate.
Further, you really think this would be a rudderless ship without these exec's? Think of the kind of professionals you could get in to manage the firm with that kind of compensation.
I just grabbed a company randomly...there aren't many that the exec's that reward themselves as richly as EXPD. Feel free to compare around.