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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

Bullboard Posts
Post by Wellandon Jun 03, 2001 8:35pm
287 Views
Post# 3824364

Their cash can pick up truckers in distress

Their cash can pick up truckers in distressThe beauty of this stock is their complementary business unit. When the price of energy goes up, their loss of profit from their trucking industry in the East is compensated by their greatly increased business in the West. Since this company is well run, they have a load of cash that can be used to buy their competitors that are having problems with higher energy price at liquidation price. (ie. In their annual report, they mentioned that are waiting for these bargain prices) Once the downturn in the trucking industry in the East is completed, they have a larger capacity to take advantage of the next growth cycle.
Bullboard Posts