Every time I've written about XPO Logistics (NYSEMKT:XPO), I've heard from readers who simply do not believe that the company will succeed in its goal of buying or building its way into a leading spot in third-party logistics by 2016. Yet, the company continues to post strong organic growth and negotiate multiple M&A transactions, the latest being the acquisition of Pacer International (NASDAQ:PACR).
Whether it's the bull market in general or a buy-in from institutional investors, the shares of XPO Logistics had a good 2013 and sit just below a 52-week high. Even with that strong performance, they don't appear to me to be unreasonably valued today.
Pacer Adds Another Leg To The Stool
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|