Eddy Elfenbein submits: At the end of last year, I decided to remove Expeditors International of Washington (EXPD) from my Buy List. The stock gained 20% for us last year. It's a great company, but I felt that the shares were getting a bit too pricey. Through yesterday, the stock was up another 8% for the year. But that came to a halt today.
The company reported earnings of 28 cents a share, three cents below expectations. The stock opened down 10% this morning, although it has rallied some throughout the day.
Update: That was some rally. EXPD closed just nine cents lower.
EXPD 1-yr chart
