thitivong Summary I am neutral on Expeditors International of Washington (NYSE:EXPD), as there is very little visibility into the earnings growth outlook over the medium term. While I acknowledge the near-term strength stemming from the Red Sea conflict situation, I don’t think the market appreciates what happens when the conflict gets resolved. EXPD is currently trading at 23x (the high end of its historical trading range), which means there is plenty of room to fall if the risk I highlighted below pla ...