AI hardware props up air freight – spare a thought for the downside
Eggs in one basket?
It also lost the backing of key investors in the fourth quarter, which also plays a part in the investment case’s appeal, or the lack thereof, according to the bears. Consensus estimates point to very little residual upside from $76.7 a share, and I reiterate the view that a bite in the low $70s won’t give you sleepless night.
It’s hoarding cash on the balance sheet and debt levels aren’t problematic.
That said, it is hard to envisage any meaningful value levers ...
Comment on this article