Toll in the black – P&L relief; junk balance sheet; weak cash flows
Mixed at best, but better
When Japan Post hired John Mullen as chairman and Michael Byrne as managing director (aka CEO) of Australia’s Toll Group, they had hoped they secured the services of the dynamic duo of Australian Logistics.
Given the happenings of the past several years, it’s fair to wonder whether, with all due respect, they got Laurel and Hardy instead.
Destruction of shareholder value
Incidentally – bear with me for a moment before moving onto the red hot Toll property – I recently read an article about ...
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