Well they have a few hundred million of them from memory which provides efficiencies that a newcomer would struggle to match. Systems to accompany them.
they have alao done impressive work in increasing efficiency through recovery of pallets, allocation etc. This was promised, in a way that many companies promise but seems to have been well executed if you read reports in recent years. Ideas around tracking etc that may also increase efficiency.
it isn't a buy for me at current prices. That said it may well creep higher over the coming years. I bought in at circa $9.60. It has been a great performer for me for a very unsexy business. I hope there are no costly ideas around a departure from the core business. Could it be disrupted, yes, but so can most businesses
BXB Price at posting:
$23.01 Sentiment: None Disclosure: Held
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