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Like most other shipping and logistics companies, Matson has had a spectacular year. Revenue is up 61%, and net income has nearly quadrupled.
The stock is very expensive on a host of metrics, though, at a time when the analyst community foresees a slowdown in the business. The great results were an aberration.
Normally I like to recommend selling puts in lieu of buying stock, but the current price is so out of whack, premia for reasonable strikes are non-existent.