This article was highlighted for PRO subscribers, Seeking Alpha's service for professional investors. Find out how you can get the best content on Seeking Alpha here.
Brambles (BMBLF) is a defensive business that continues to grow amidst COVID-19 pandemic and yet trades at a discount to its long-term average multiple. The company's publicly announced share buyback and dividend (2.5%) will provide additional returns for investors beside expected share price appreciation on the back of improving fundamentals of the business.
Business overview
Brambles is a global supply chain logistics company that specialises in the management