Comment / Snapshot: Mainfreight marches on (to NZ$100?)

The financial market can be a weird place at times, but when it comes to 3PL Mainfreight (MFT) out of Auckland it’s hard to discern what could go wrong on the road to a steep capital appreciation in years to come.

Particularly if this little gem – it’s unique of its kind, as I’ve argued since March when it traded at NZ$37 – turns out to be more aggressive in M&A, boosting (a bit) its growth profile.

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A wonderful takeover target ...