The share price reflects the market's view on discounted future...

The share price reflects the market's view on discounted future earnings. Right now, the market seems to be pricing in very modest profitabilty (<4%) over the next few years. My view is that 12-13% net is achievable by a typical MSP. If TNT achieves this I expect 3-4x on the price. Therefore I am hodling and perhaps even btfd'ing.

Further out it is hard to say. A well run MSP can push earnings to 30+% and an eventual sale would be likely. Or TNT might actually invest in real IP and become more scalable.