India's trade with the US holds up despite tariffs, as FTA deal nears
India has held onto its US export market despite tariffs, and the two countries appear ...
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If you are in the investor camp.
That may well be how you feel about New Zealand’s Mainfreight (MFT) – once a gem, then on the grill, now being served as a cold dish.
With the stock essentially ’dead wood’, in my view, currently changing hands right below NZ$70, MFT trades at a lowly 9.5x Ebitda on a forward basis, its trough since early 2018, according to S&P Capital IQ estimates.
It’s temping to scrape the barrel in the search for deep value.
Don’t.
(Just ...
Comment on this article
chris dunphy
June 16, 2025 at 2:40 pmMFT is no DSV:
Little to no appetite for acquisitions beyond what has already been undertaken to create its continental beach-heads and back-filling with Air & Sea developments;
The Vikings are less loyal to employees than the Kiwi bros;
Carotrans should be sold as its sub-optimal, but won’t be;
As the founder used to remark “the tiger that doesn’t prowl risks becoming a rug”