ASX:LAUTransportation
Lindsay Australia (ASX:LAU) Shares Eye Fair Value After Record Growth
Lindsay Australia stock closed at A$0.77 on Tuesday after a strong run over the past quarter. However, the real story sits inside a freight network that just produced record full year results. Revenue reached about A$1.07b and underlying net profit after tax came in at A$27.6m, both lifted by the SRT Logistics integration and a bigger refrigerated transport footprint.
For short term traders, the recent price strength may already feel rich. Long term holders will focus on whether a 12.3x...