XPO continued (Martin Zeman, 7/20/2018)

From: Martin Zeman Sent: 7/20/2018 11:16:09 AM To: 'Paul Barrett CC: Stewart Oldfield Subject: XPO continued So the stock is currently at 10x multiple. Below a few paragraphs from recent research pieces: June 28 -> XPO buying opportunity - We have fielded several questions from Investors in recent days on weakness in XPO's shares. Indeed, XPO's shares are down over 15% from recent highs achieved just two weeks ago. The weakness undoubtedly is on the back of declines across the broad