bookvaluejohn

Old Dominion Booms as Truckers Bust

I am a shareholder and happy with ODFL's management. But I was shocked with the shallow understanding of the author of this piece. Such little-knowledge type advice has no place in an investment forum. ODFL's operations quite similar to the other LTL carriers like Conway and the freight part of Federal Express and others. Its good results are the product of good management execution, period.

Choo-Choo-Choose Railroads in Transportation

It is inaccurate to assert that Arkansas Best is selling at a premium valuation, the reason given for the sell recommendation. In fact ABFS is selling at the lowest multiples of EBIT and EBITDA in the LTL trucking group with the exception of YRCW which is at a discount because of its troubled recent history. It is currently selling for 4.7 times this year's expected EBITDA; 8.4 times EBIT and and 15 times EPS. It has no debt an a lot of cash. The only negative is that it is Teamster organized, a big long term problem it shares with YRCW and UPS.