Loeb's Third Point built stake in DSV in Q3, sees 'significant upside' By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Investing.com
Investment in DSV A/S: Billionaire hedge fund manager Daniel Loeb announced that his firm, Third Point, has acquired a new stake in Danish logistics company DSV A/S, anticipating significant growth due to its planned acquisition of Schenker and a joint venture in Saudi Arabia.
Future Earnings Potential: Loeb projects that DSV's earnings could increase by 15% by 2028 from the joint venture and over 30% from the Schenker acquisition, while also expressing confidence in the company's new CEO, Jens Lund, and potential for further acquisitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
