Please stop with the ever so coy Tranny/Transvestite references. It’s getting a bit old.
Anything that moves is going higher.
Trucking stocks are leading the session higher. Notable movers include KNX, ABFS, CNW, YRCW and WERN. Truck stocks like SWFT, NAV and PCAR are defying gravity. And of course the railroads are ripping higher, with movers in GBX, ARII and TRN.
I was eyeballing ABFS at $8 and of course missed out.
You ponder, are any of them still cheap and if so which ones?
Excellent question. Let’s run the sector through The PPT screener together, shall we?
First let’s look at Trucking.
Clearly there is a correlation between growth and share performance. Without having the luxury of news or research in front of me, it looks like QLTY is impaired somehow. That could either mean there is a great buying opportunity or the company is truly idiotic. The safe bets are JBHT, FWRD and LSTR. If you want to take on more risk, I’d go with ABFS or QLTY.
First let me say I own a lot of NAV, so I am biased. The company is impaired and going through a transition, so the stock is on sale. As a matter of fact, the stock could triple in price and still be cheaper than most names on that list. The best all around plays, however, are WNC, OSK and SWFT. But SWFT is already up hugely today.
And now for the rails.
Once again, growth equates to superior share performance. Both ARII and RAIL are still cheap, and GBX is the cheapest, using traditional standards. The most levered company is TRN and CSX is the laggard. WAB seems to meet in the middle on most metrics and is likely your safest bet.
Keep in mind, this is quick research, using only data and figures to make assumptions. If you want to dig deeper, read some research notes and listen to at least two quarterly conference calls.
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