US EditionMainfreight – swallow the toad - The Loadstar
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Mainfreight – swallow the toad - The Loadstar
If you are in the investor camp. That may well be how you feel about New Zealand’s Mainfreight (MFT) – once a gem, then on the grill, now being served as a cold dish. With the stock essentially ‘dead wood’, in my view, currently changing hands right below NZ$70, MFT trades at a lowly 9.5x Ebitda on a forward basis, its trough since early 2018, according to S&P Capital IQ estimates. It’s temping ... The post Mainfreight – swallow the toad appeare…
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