Great find. Thanks for posting this.
He reconfirmed to me the differences between VOR and TNT.
Highlights how TNT only achieved their run rate stated number by making an adjustment of acquisition and finance costs. Financial hocus pocus. Exactly what Lord did with UXC.
Glad to be backing the VOR horse in this race.
He certainly highlights how undervalued VOR is compared to TNT on a pure valuation basis.
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