Freaking cool CH Robinson – it's the operating model, stupid!
Bless the ‘new operating model’
ID 325668171
© Greerascris
| Dreamstime.com
’All’s well that ends where it all started’ I argued in my 26 July coverage of Mainfreight (MFT), New Zealand’s bijou crown jewel in transport and logistics.
And since then, the stock has added… NZ$1 (US$0.62) to its NZ$72 level (US$43.8) in just over two months.
From a value perspective, suggesting that MFT is dead wood isn’t far-fetched. Even more so, in fact, after running my DCF calculator at the end of the… grilling.
No M&A premium. No acquisitions. Shareholder-friendly but only to ...
Comment on this article
chris dunphy
October 11, 2024 at 9:08 amA good analysis. MFT has performed well over many years but looks to be running out of puff in all but Australia where they have been a key recipient of the Toll implosion. Add to that the succession issue ( Braid Jnr running the Americas) and zero appetite for M&A and you get a moribund stock.
Alessandro Pasetti
October 11, 2024 at 1:10 pmThanks Chris, great feedback as usual, very much appreciated.