Panic-Proof Portfolio TOP PICK
Mullen Group Ltd(MTL-T)
23/03/2022 at 08:00pm
Stockchase Research Editor: Michael O’Reilly As a provider of trucking and logistics services in Canada and the US, and being on the frontline of supply chain network, we again reiterate MTL as a TOP PICK. Recently reported revenue was up 48% over the year, beating expectations by 8%. It pays a good dividend backed by a payout ratio under 65% of cash flow. We recommend trailing up the stop (from $10.50) to $11.50, looking to achieve $16.00 - upside potential over 18%. Yield 4.5% (Analysts’ price target is $15.94)
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The Panic-Proof Portfolio (Stockchase Research)
$13.380
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