Our contributor has a new buy recommendation in the transportation industry, is taking some nice profits on a medical stock, and is saying goodbye to an energy company that has underperformed.
Buy: Knight Transportation (KNX)
from Cabot Benjamin Graham Value Investor
Knight Transportation (KNX) reported decent sales and earnings. Sales advanced 14% and EPS surged 26%, after rising 16% and 57% in the prior quarter. A shortage of qualified truck drivers remains a problem. The acquisition of Barr-Nunn Transportation in October 2014 continues to add sales and EPS. Buy at 26.29 or below.
J. Royden Ward, Chief Analyst, Cabot Benjamin Graham Value Investor, www.cabot.net, 978-745-5532, July 24, 2015