Toll Group – A$0.025 operating margin? Nowhere near enough
Counting the cents
It has long been been a question why, despite massive profits and de-leveraging occurring at most ocean carriers, their credit ratings – which should be a litmus test of balance sheet/cash flow soundness, or weakness – haven’t materially improved up the ratings ladder in the past couple of years.
And this week, Alphaliner deserved the attention of the press, with our friends at Splash 24/7 promptly highlighting yesterday some of the key findings from snapshot research headed: “Container shipping companies still short of investment-grade ...