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Mullen Group Ltd. T.MTL

Alternate Symbol(s):  MLLGF | T.MTL.DB

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.


TSX:MTL - Post by User

Comment by junglejameson Jan 16, 2023 7:13pm
172 Views
Post# 35226790

RE:Market response to Conference call

RE:Market response to Conference callHere is a management team that paid down debt during the good-times, and now has a plan during possible rougher times (a recession is an exogenous event) to maintain the dividend and also buy back shares while driving down costs.

As today's trading so clearly shows, capital gains can disappear in a heart beat.  Those of us that look for a steady source of income should really not be overly concerned looking forward  (a recession, if it occurs, will likely be less disruptive than the past effects of Covid-19 on the economy).

I guess the traders have left.  I'd be very happy to buy more shares at $12.00 should that happen again.  Mullen is a far bettter "bet"  than any lottery or the on-line betting "casinos" that are suddenly appearing everywhere.  As compound interest shows - time is your best friend when investing.
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