I actually think Move is undervalued at anything under $2.50. But the purchase of the vessel is not a good first hit out. Maybe intermodal in NZ to support core clients, but a 25 year old vessel running the routes they have not good. There is no over capacity in the ports mentioned, so they are going to have to secure new clients.
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I actually think Move is undervalued at anything under $2.50....
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