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

A Small Skid At Old Dominion Isn't A Big Deal

Less than truckload (aka LTL) transportation company Old Dominion (NASDAQ:ODFL) did something last week that it doesn't do often - it disappointed the Street and saw some margin erosion. Weather seems to have been a major contributing factor, though, and the company continues to show significantly better tonnage growth than its peers, while hauling that freight much more profitably. Old Dominion isn't exceedingly cheap, having risen another 15% since my last write-up, but it is still slightly undervalued and still an excellent stock for the long term.

Q4 Results Hit Some Ice

Old Dominion didn't have a terrible fourth quarter, but for a company with such a strong operating history it was an unusual report.

Revenue rose 11%,...

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