Comment / As DSV leads, enter a sea-air pure-play 'Restructured Kuehne'

ID 1940604 © Janpietruszka | Dreamstime.com

Kuhene + Nagel (K+N) is asymmetrically shareholder-friendly, as you probably know.

That stems from a shareholding structure where Klaus-Michael Kuehne holds the majority of the once mighty Swiss forwarder that he has led for so many year.

It’s fine.

Or is it? 

With a stock performance trailing that of its closest rival DSV (with its 1-year +45%) by about… well, it’s a lot… 72 percentage points (K+N: -26.5%*) in the past 12 months – is there any way to look at this value-destructive story ...