Logistec (ISIN CA5414114010) – A cheap marine terminal operator with a great track record – what is not to like ?

1. The larger one is called “Maritime services” and mainly comprises a large number of North American maritime terminals, that operate anything from containers to bulk and even “break bulk” cargo.
2. Below is an overview of Logistec’s share structure which consists of ~7,4 mn Class A shares and 5,7 mn B shares.
3. To be clear: I would not invest into Logstec just as a “mean reversion” play, but it shows that in historic terms, the current valuation looks cheap.