Jun 21st 2012 - Edison Investment Research today published a report on Stobart (STOB.L, LSE:STOB, LON:STOB) entitled "The Journey Begins". In summary, the report says:
Stobart has already made significant progress in the first year of a four-year plan to create significant shareholder value. With the difficult environment creating ongoing volatility in transport and distribution, management’s swift actions to restructure the ambient fleet have not only mitigated a large portion of risk, but also positioned the group to capture a greater share of outsourced logistics contracts from customers. In addition, the on-time and on-budget delivery of the upgrade to London Southend Airport has demonstrated the clear success of the business in taking a complex build programme and creating a growing airport operation, underpinned by easyJet. This should see passenger numbers surge toward one million by the end of the year.
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