Right, so. Matson. Shipping. It sounds terribly… stable, doesn’t it? Like a sensible cardigan. But let’s be honest, nothing is ever stable. And that’s where Flat Footed LLC comes in, or rather, went. They’ve done a full exit on their 314,076 shares of Matson. Just…gone. It clocked in as a $30.96 million decrease in value, which, frankly, is enough to give anyone a mild panic attack. Me included. Don’t judge.
Basically, they’ve cleared house. Sold the lot. It’s a bit like realizing you’ve been dating someone for six months and then they casually mention they’re moving to Mongolia. Unexpected. And potentially expensive.
As of February 17, 2026, Matson was trading at $165.05 – up 12.1% over the last year. Which is…fine. It beat the S&P 500 by 2.27 percentage points, which, honestly, is a victory in this economy. Small victories, people. Cling to them.
Here’s what Flat Footed LLC is left with, now that Matson’s gone. Apparently, they’re big fans of Canadian National Railway (CNR) – $122.77 million worth of fandom. And DHC? $113.91 million. A diversified portfolio. Good for them. I’m mostly just hoping they remembered to pay their taxes.
| Metric | Value |
|---|---|
| Revenue (TTM) | $3.34 billion |
| Net income (TTM) | $444.8 million |
| Dividend yield | 0.91% |
| Price (as of February 17, 2026) | $165.05 |
Matson, for the uninitiated, is a shipping company. Not just any shipping company, mind you. They specialize in getting things to Hawaii, Alaska, Guam, and various corners of the Asia-Pacific. It’s a niche market. A bit like being a taxidermist for miniature poodles. Specific. And surprisingly lucrative, apparently.
They move everything. Shipping containers, expedited cargo from China (because who doesn’t need something delivered faster?), warehousing, the whole shebang. They serve everyone from freight forwarders to the U.S. military. Honestly, it sounds exhausting. I need a holiday just thinking about it.
So, what does this all mean? Well, shipping is cyclical. Everyone knows that. It’s like dating. Boom and bust. Periods of intense excitement followed by long stretches of awkward silence. And after a few years of unusually high prices (thanks, pandemic!), things are returning to normal. Which is to say, slightly less profitable.
Matson has a bit of an advantage, though. The Jones Act. It basically says that anything shipped between U.S. ports has to be on American-built, American-operated vessels. Which limits competition. It’s a bit protectionist, but hey, everyone needs a leg up. And they also offer expedited shipping from China. Faster is always better, right? Unless you’re me, in which case, faster just means more opportunities to overthink things.
The real question is whether Matson can keep making money now that the pandemic boom is over. They benefited from all that extra demand and those premium prices. Now, they need to rely on consistent cargo volumes and customers willing to pay extra for speed. It’s a gamble. Like betting on a horse that’s already limping. But hey, that’s investing, isn’t it?
Honestly, the whole thing feels…precarious. Like a carefully stacked tower of shipping containers. One wrong move, and it all comes crashing down. But then again, isn’t everything?
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2026-03-07 08:12