Stobart (LON:STOB) - The journey begins
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.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
