GXO Logistics – big sell-off signals impatience, not a verdict on the business

Key takeaway: GXO beat estimates, held rather than raised guidance, and the stock still fell double digits, which reads less like a verdict on the quarter and more like a market unwilling to keep extending credit to a long-cycle business on faith. The company’s own numbers make a stronger case than its stock price does: a CEO who has publicly admitted GXO’s margins run well below where they belong Read full article →