Introduction
After my bullish article on March 31st, 2020, PostNL (PNLYY) (PSTNY) has vastly outperformed the Dutch AEX and the American S&P 500. This outperformance is thanks to PostNL Parcel seeing high volume growth, much higher than the market expectations. In my original article, I elaborated why PostNL's Parcel business is undervalued by the market, I still believe this is the case. I want to revisit my thesis of the last article, and showcase that recent news headlines showcase that the thesis is correct.
(Source: Yahoo Finance)
Coronavirus impact
In my previous article discussing PostNL