On the wires: DSV drops to new low but sell-side unfazed. Deal coming?
Who should have said
Cash buybacks frozen, quarterly $0.52 dividends unchanged, as announced yesterday, but cash-rich Expeditors International (EXPD) is still on a roll at $87 a share. And then, operationally, this week confirmed that its balanced portfolio of logistics products gives it an edge in the good and bad times alike.
Immediate, useful context (maybe) here: the sharks, attracted to logistics in its multiple forms, are sniffing at opportunities, regardless of price.
In Seattle, the proud management crew have plenty of room to do what ...