This afternoon I added
Trailer Bridge (TRBR) to the Barchart Van Meerten Speculative portfolio. Headquartered in Jacksonville, Florida, they are an integrated trucking and marine freight carrier that provides truckload freight transportation primarily between the continental U.S. and Puerto Rico. The company combines an efficient and dedicated motor carrier with a low cost barge and tug marine transportation system. Trailer Bridge is the only company serving markets governed by the Jones Act which exclusively operates marine vessels fully configured to carry 48' and 53' long, 102`` wide, ``high-cube`` trailers.
I found the company while screening on Barchart for low priced stock hitting new highs. The stock hit 15 new highs and is up 38.43% in just the last month. The momentum has given it an 80% Barchart technical buy signal and a rising Relative Strength Index of 75.59%. It trades around 3.57 with a 50 day moving average of 3.02.
The one Wall Street brokerage analyst that follows the stock rates it a strong buy for his firms clients, with a forecast for slightly higher sales and earnings in the near future.
As few investors have found this stock and the CAPS members on Motley foll vote 14 to 2 that the stock will beat the market, with the All Stars in agreement 4 to 1.
Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs. He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Disclosure: I am long TRBR.