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ODFL - Like The Energizer Bunny Old Dominion Just Keeps Going
Old Dominion Freight Line Inc.
One of the frustrating (and invigorating) aspects about investing is that you can be completely right … and still end up completely wrong if you’re right about the wrong things. In the case of Old Dominion (ODFL), the year and the market have developed largely as I expected back in April, with the company seeing growing weakness in volumes as the short-cycle industrial sector slowed throughout the year. And yet, with the shares up another 25% since then, what does it really matter?