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OceanX: DSV vs K+N; Red Sea stalemate; and the broker bombshell
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OceanX: DSV vs K+N; Red Sea stalemate; and the broker bombshell
By Wednesday evening (22 July), DSV stock was down more than -14% in a day, as it announced its Q2 results. Might it be the trouble in the road division with the Schenker integration? Or maybe, slowly the analysts are starting to notice that an asset light freight forwarder is overvalued at 25x projected earnings? Yes, Air & Sea volumes were OK-ish and transport demand keeps growing, margins and ratios ... The post OceanX: DSV vs K+N; Red Sea st…
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