On the right trackGood quarterly results. Impressive beat of consensus earnings by 13% !
I was concerned they might have overpaid for Neltume Ports, but it seems they have longer term strategic goals with that foothold purchase as they are now using the expertise to expand in the shipping/ logistics business.
The stock has been caught in the downdraft generated by high interest rates.
Undeserved in this case, because while they do have high-ish debt they also enjoy remarkably low cost of capital.
I expect a run towards $40/ share within the next 2 weeks.