Avoid Kirby Corporation At These Levels

About: Kirby Corporation (KEX)
by: Patrick Doyle
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Patrick Doyle
Long/short equity, long only, Growth, momentum

I think Kirby Corporation's business is interesting in that it, like the railroads, is a linchpin of the U.S. economy.

The problem is that the shares are quite expensive, the company has taken on massive amounts of debt, and shareholders have been diluted.

I think investors would do well to avoid this stock until it drops another 40% or so.

Over the past year, the shares of Kirby Corp. (KEX) have dropped ~8.25% and that has put the company on my radar. In my view, this company proves that just because something has