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GXO - GXO Logistics: Secular Winner At An Attractive Price
March, 26 2024 12:18 PM
GXO Logistics Inc.
2024-03-26 12:18:29 ET
Summary GXO trades at 10x 2024E Adj. EBITDA, which seems unreasonable for a company with a track record of growing at double digits across cycles. The market is overly focused on its short-term outlook and potential missing of its 2027 targets despite favourable long-term prospects. The secular trends of further logistics outsourcing and retail e-commerce penetration will help the company grow "by simply showing up."
Investment Thesis: Underappreciated Secular Winner Clouded By Short-Term Pessimism For further details see:
GXO Logistics: Secular Winner At An Attractive Price
Stock Information
Company Name:
GXO Logistics Inc.
Stock Symbol:
GXO
Market:
NYSE
Website:
gxo.com
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