Comment / Snapshot: Mainfreight's rally – written in the stars

Here’s a short take for our shameless self-promotion corner: maybe you remember one of our latest updates concerning New Zealand’s Mainfreight (MFT) – it is here: “Taking a page out of Mainfreight’s book“.

In particular, these Premium remarks dated 4 August are well worth a reminder: “in short, the party may have just started for the multiples arbitrageurs.”

Enough said? Yes and no.

Since then, the stock breached another record high this week on Wednesday – hitting another high on Thursday at NZD47.8 – ...