The Wrap: Talking Modine, GFL, UPS
Also, Vital's Humpty Dumpty moment, how ESAB is telling me to f*ck off, and analysts in "partnership" with companies they cover.
▶In last week’s Wrap, I said that in all likelihood there would be no Wrap this week, though I reserved my right to change my mind.
I’m changing my mind, starting with a few ICYMIs…
▶If you missed my latest Red Flag Alert on Modine Manufacturing MOD 0.00%↑, you can read it here…
▶Also during the week, this one was my absolute favorite – my take on how GFL Environmental GFL 0.00%↑ is, in broad daylight for everybody to see, saying out loud how it’s gaming the market. It’s quite a story, if I don’t say so myself. You can read it here…
▶Also, in what was likely an otherwise busy week of earnings for many of you, it’s quite possible you missed my take on the surprise that really shouldn’t have been, but based on the stock of UPS UPS 0.00%↑, was: Amazon’s formal entry as a serious UPS competitor. You can read it here…
▶Speaking of which… Is UPS Next?
Just sayin’, especially since, under a new CFO, the company’s tone and commentary around the dividend has subtly changed. After 16 consecutive years of raising the dividend, CFO Brian Dykes told investors in March…