Where Will XPO Logistics Be In 1 Year?
For years, XPO Logistics (NYSE: XPO) operated with a predictable growth strategy.
Under the leadership of CEO Brad Jacobs, XPO grew through a "roll-up" strategy, acquiring businesses across the logistics spectrum, including areas like trucking and freight brokerage.
That strategy was key in making XPO one of the best performers on the stock market last decade, as the stock climbed 1,460% during that time. However, more recently, the company has run into challenges and began backing away from its long-held acquisition strategy. After the stock fell off a cliff in late 2018, with shares losing more than half of their value when the company slashed its outlook and got attacked by a short-seller, Jacobs announced that XPO would focus on buying back its stock, which it believed to be undervalued, instead of making new acquisitions.
Source Fool.com
