Conf call redux: AP Møller-Maersk – time to stick your finger in the air
Avoiding the ‘not-so-pleasant place’
By Mike Weir
XPO Logistics appears to have taken the value bull by the horns with its announcement of a big asset shake-up.
Management has long felt the company is undervalued, but the news of potential spin-offs and auctions is still surprising*, given recent management talk of making more acquisitions.
(*Our very own Alessandro Pasetti is not surprised. Here’s his first take…)
Explaining the change of heart, CEO Jacobs spoke to CNBC’s Jim ‘Mad Money’ Cramer (available here).
The interview led this writer to the following conclusions:
a) ...
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