CVLG - Marten Transport: Signs Of Improvement Justify A Neutral Stance As Earnings Near
2024-07-15 06:13:34 ET
Summary
- Times have been tough for Marten Transport due to weak industry conditions and worsening fundamentals.
- That picture continues today and may persist in the near term, though there are signs of improvement on the horizon.
- These improvements justify a more neutral, as opposed to a bearish, stance on the business.
Usually, when I write a company a ‘hold’, it is my statement that I believe that shares of that business should see upside or downside that is more or less in line with the broader market. But every so often, this call proves incorrect. After all, nobody is perfect. A good example of one company where this did not work out is in the case of Marten Transport ( MRTN ), a logistics business that focuses on a variety of transportation activities, particularly refrigerated and dry truck-based transportation....
Marten Transport: Signs Of Improvement Justify A Neutral Stance As Earnings Near