XPO Logistics appears to have taken the value bull by the horns with its announcement of a big asset shake-up.
Management has long felt the company is undervalued, but the news of potential spin-offs and auctions is still surprising*, given recent management talk of making more acquisitions.
(*Our very own Alessandro Pasetti is not surprised. Here’s his first take…)
Explaining the change of heart, CEO Jacobs spoke to CNBC’s Jim ‘Mad Money’ Cramer …
Source: The Loadstar