“It’s not a complicated equation to figure out whether it is beneficial or not to repurchase shares.” – Warren Buffett. 
It’s easy to argue that we are currently witnessing only the first bland steps of the integration of Panalpina by DSV. That means that if I am right, in half a year or so all those fancy matrix-like layers we saw in APAC will go out of the window. Meanwhile, my …

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Source: The Loadstar