As I expected back in February, Old Dominion's (ODFL)
fourth quarter was just a bump on the road and business has gotten back
to normal. Normal is a very good thing for Old Dominion, as the
company's superior service quality continues to fuel share gains and
good cost control allows the company to thrive with relatively lower
price increases than its competition. Old Dominion shares aren't cheap
by standard valuation metrics, but I believe standard metrics may be a
little too confining for a significantly above-average operator.
Read the full article here:
Old Dominion Continues To Take Share
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