Paul, KNX was brought to my attention by a member of my investment club. We've been looking for small cap fast growers and he found it through a screen. I haven't followed the logistics sector at all, so it's possible there are better competitors out there.
What has impressed me about KNX, beyond what I saw in the initial screen, is the quality of their financial reports, which I think do a good job of explaining their business, and their conference call transcripts, where management seems focused on controlling costs, and in being disciplined in pursuing new business. The one blemish so far is the aforementioned option gift to the chairman. Ironically, up to that point they had been relatively restrained in their options grants.
Having said that, I'm still in the initial phases of reviewing this company and this sector, so in the course of my research I may find something better. This does look like a sector worth studying. |
