2024-02-01 12:34:19 ET
Summary
- Old Dominion Freight Line has consistently gained market share and returned over 1,000% in the last decade.
- Despite challenges in the LTL trucking industry, ODFL reported increased revenue and earnings per diluted share in 4Q23.
- Strategic investments in service center expansion demonstrate ODFL's commitment to long-term market dominance, making it a compelling addition to a portfolio.
Introduction
It's time to talk about a company I haven't been bullish on once in 2023, as all of my neutral articles included worries regarding its valuation in light of potential economic challenges.
The company I'm talking about is Old Dominion Freight Line ( ODFL ) , one of America's biggest wealth compounders, returning more than 1,000% over the past ten years, beating the S&P 500, transportation stocks ( XTN ), and tech stocks ( QQQ ) by a huge margin....
Read the full article on Seeking Alpha
For further details see:
Old Dominion Freight Line: A World-Class Compounder Waiting For A Rebound