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Alexander & Baldwin (NYSE:ALEX) (“A&B”) is treading water and living the island life.
ALEX stock is little changed since a prior update, flat YTD, and up about 5% over the past year.
While this could
Alexander & Baldwin: Maintaining Its Moat On The Hawaiian Islands
Summary
- Shares in Alexander & Baldwin (“A&B”) remain in a narrow trading range. But they are outperforming much of their peer set.
- Market dominance in the Hawaiian Islands continues to provide a protective moat to their core business.
- A&B can rise higher from current trading levels. But ongoing efforts to dispose of a discontinued unit creates near-term uncertainties.
- Though I view shares favorably, I find it best to wait until the disposition is ultimately completed before engaging in any new or further positioning on the stock.
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