Comment / Expeditors defies law of gravity – where insanity meets sanity

ID 32151428 © Flynt | Dreamstime.com

From Premium’s smell of blood in October to new records: it has been a hell of a ride for Expeditors (EXPD) in recent weeks.

Since 7 November, when it disclosed a mixed Q3 23 trading update, it has gained traction without leaving a cent on the ground in terms of capital appreciation.

Stunning.

Spare a thought for its detractors: seldom more expensive, based on its forward twelve months multiples – and when it was just as pricey as it is now (click to ...