Stock Story: Lindsay Corporation (LAU) exposed to the emerging food bowls of Northern Queensland

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Stock Story: Lindsay Corporation (LAU) exposed to the emerging food bowls of Northern Queensland. Lindsay is an Australian refrigerated logistics provider operating predominantly in Northern Queensland. Given fresh food delivery is often time and temperature sensitive, Lindsay's scale and experience in freight allows them to achieve stronger and more stable margins than many of their peer logistics operators. Sebastian Evans from NAOS Asset Management is an investor in Lindsay and provides an update following their recent financial report. Evans says the company has a number of competitive advantages over larger logistics operators that enables them to achieve healthy margins on their services. He also says the Company has limited exposure to the pricing forces of Coles and Woolworths and retains good relationships with the farmers (i.e. customers). Interestingly there appears to be a consolidation play happening in the space and Evans provides more detail in this video.


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