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

Old Dominion Isn't Done Yet

Earlier this year, I thought the Street's reaction Old Dominion's (NASDAQ:ODFL) fourth quarter results offered investors a good opportunity to buy shares in this high-quality, growing trucking company. Since then, the shares are up about 30% - more than doubling the return of the S&P 500. Although that performance is more mixed relative to other trucking companies- better than Con-Way (NYSE:CNW), but inferior to Arkansas Best (ABFS), YRC Worldwide (NASDAQ:YRCW), and Saia (NASDAQ:SAIA) - Arkansas Best and YRC have benefited from a major catch-up trade and still notably lag Old Dominion on a two-year comparison.

While valuation on the shares has moved up, I don't think the opportunity is over for...

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