Matson (MATX): Buy a Steady Pacific Franchise Trading at a Reasonable Multiple
Matson is a focused ocean and logistics operator serving Hawaii and other Pacific markets. With a $5.9B market cap, a sub-14x P/E, nearly $200M in free cash flow, and limited leverage, the stock looks undervalued relative to its cash generation and strategic niche. I rate MATX a Buy with a clear entry, target and stop — for a long-term trade over t…