Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

A Stumble In Tonnage May Be An Opportunity At Old Dominion

Even the best-run companies occasionally trip, and that's likely the most important take-away from Old Dominion's (NASDAQ:ODFL) fourth quarter results. While it was disappointing to see the company's operating ratio reverse for the first time in three years, nothing about what has made Old Dominion one of the best in the less-than-truckload (LTL) business has changed. Although trucking companies don't have the best reputations when it comes to free cash flow generation or returns on capital, I believe that Old Dominion is, and will be, the notable exception, and that this uncommon earnings miss could offer a narrow window of opportunity.

Weather Whacks The Quarter

Old Dominion missed its targets for the fourth quarter, and that's not something...

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