Less than truckload (aka LTL) transportation company Old Dominion (ODFL)
did something last week that it doesn't do often - it disappointed the
Street and saw some margin erosion. Weather seems to have been a major
contributing factor, though, and the company continues to show
significantly better tonnage growth than its peers, while hauling that
freight much more profitably. Old Dominion isn't exceedingly cheap,
having risen another 15% since my last write-up, but it is still
slightly undervalued and still an excellent stock for the long term.
Please continue here:
A Small Skid At Old Dominion Isn't A Big Deal
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