Comment / Unsold GXO – Vertical integration in logistics? You must be kidding

ID 339249141 © Sascha Winter | Dreamstime.com

It took about two months for the M&A story of GXO Logistics to eventually lead nowhere – as we found out after the US market closed on Tuesday (3 December) – and change… almost nothing about the US-based firm’s value prospects.

The worst performer in our US demo portfolio yesterday (4 December), by quite some margin too (-13.8%, down to $50.85 at the close), now finds itself where it all started with Bloomberg coverage on 10 October. 

($0.05 cheaper, in fact, read ...