Mullen Group Ltd. T.MTL.DB

RE:RE:well done MTL

[okgonow]

Niceneasydoesit wrote: Solid...forward guidance will be key

From NR:


"We enter 2024 with a greater sense of optimism than at this time last year for a couple of reasons. The first is that the North American economy continues to show a resiliency that supports a strong job market, one of the most important factors influencing end consumer demand. Furthermore, if inflationary pressures continue to moderate and interest rates start declining, consumers will have more disposable income, a precursor to increased freight demand. We also believe the inventory rebalancing cycle is basically over, implying that shippers will need to replenish, or at the very least rebuild, inventory levels if they want to capture the ever demanding needs and wants of consumers. And, even though the current over capacity issue in the logistics and trucking industry is limiting growth and profitability, this will change. Many competitors are struggling with high debt levels and shrinking profitability, an unsustainable situation in our view. This leads to the other reason we are optimistic, acquisitions. We believe there will be consolidation opportunities and business failures in 2024, events that will not only drive revenue growth but also lead to tomorrow's pricing discipline. We will look to add strong brands to our network and will continue to pursue tuck-in acquisitions that drive scale and enhance operating margins," added Mr. Mullen.