If you want a nice Trending safe as can be stock to put yr money in Mainfreight is the one, no matter how you cut it the Trend is up, if it got through last year with this nice growth shouldn't this year be better unless the Plague Hits us or an Asteroid ya never know, but deliveries always have to be made, it is an Essential Bussiness.
Fundamentals are one of...
Looks Good
All Sectors looking strong too
Fundamentals Very Strong 71%
Earnings up every year 159mil last year
Net Profit margin still only 4%
Estimated Revenue Growth Rate next 5 yrs 8.55% which is pretty good.
Interim Earnings Release
Thur Dec 10th
They said earnings to date are inline as projected and an improvement on the same time last year which is...
Quickest return to previous levels on the whole NZX
Top Company of course but why ?
Will it continue or Crash back down
Transport restricted only essential allowed.
No one to recieve anyway.
It has 250 locations around the globe which are also stuffed so go figure.
Looking to the optimistic future i guess.
