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ODFL - Old Dominion Will Prove Its Superiority Through The Downturn But The Price Gives Pause
Old Dominion Freight Line Inc.
I know, I know … I’ve written plenty of times that I believe Old Dominion (ODFL) is the best less-than-truckload (or LTL) carrier out there, and quite possibly one of the best-run companies I follow irrespective of industry, but it’s always just so darn expensive. And it certainly won’t hurt the “forget about valuation, just buy good companies and hang on…” argument to note that the shares are up another 15% from my last article – a time period over which the S&P 500 fell 10%, the Dow Jones Transport Index fell 23%,