What contracts did we lose? CXZ has underpromised and overdelivered on each count. They advised a larger drop in cars on the system for the last quarter and we hit the upper guidance. They also transparently advised of the potential impacts of covid each time - only to come back beating their estimates.
What does this mean? Well, CXZ also indicated in the last activities report that August has seen an increase in numbers and it seems the worst is over. Based on how CXZ has underpromised and over delivered this time - why should we be worried?
GM has indicated record sales and CXZ numbers have followed suit. Have a look at latest GM data and compare with CXZ.
CXZ Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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