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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (23644)3/24/2006 6:34:56 PM
From: Carey Thompson  Read Replies (1) of 78670
 
Good to hear from you Paul Senior.

The trucker doing well here is Swift Transportation, headquartered in Phoenix, AZ.

Swift bought the assets of Ringsby Trucking of Denver, which had lots of business, but distracted management. The Ringsby CEO was Jerry McMorris, an important owner of the absolutely, horribly, woeful Colorado Rockies Baseball Team. Ringsby ran out of Denver for 30 years and has experienced mountain and icy road drivers which is important on I-70, I-25, and I-80. For some reason the state of WY refuses to either plow their roads or put down ice melt. Regardless of frigid temperatures. I love everything about WY except the roads in the winter and Shotgun Dick Cheney. (This dude whined the worst day of his life was when he shot his hunting partner; I believe the victim of the blast to the face suffered more).

I have done a quick look at Swift's finances and I am impressed with their solid profitability and growing revenues. If you want the details, I will send you my investment spreadsheet on Swift.
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