Lowered expectations, regardless of how slight, can have a devastating impact on a stock, as Wall Street flees in search of what it hopes are better opportunities. That wasn't the case with the shares of Knight Transportation (NYSE: KNX), however, with the price actually rising in the three days since management lowered its earnings guidance for 2013's second half. This resilience is illustrative of the company's many positive attributes and attractive valuations, in our view, and we believe the relatively unknown mid-cap ($1.3 billion) merits consideration by investors.
Knight Transportation, Inc. is one of North America's largest truckload transportation providers, offering a broad range of truckload services through a nationwide network of service centers, one of the country's largest...
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