As the inland barge business seems to be bottoming out and the company's
diesel engine business benefits from the oil/gas recovery and
M&A-boosted scale, Kirby (KEX)
shares have continued to perform well. Up another 10%-plus since my
last write-up in February, it's harder to argue that the company's
prospects are now undervalued. While I wouldn't rule out the possibility
of further upward estimate revisions on a stronger inland barge
recovery and/or even stronger growth in the diesel engine business, it
looks like Kirby is back to a more typical valuation.
Read the full article here:
Kirby's Recovery Prospects No Longer Undervalued
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