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Strategies & Market Trends : Value Investing

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From: Grommit	12/3/2018 6:14:50 PM
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USX. I started a significant pos'n in this trucking company over the past month. They went public last June at $16 per share, and is now at $8.2. No dividend. Comparing them to Swift Trucking company: check presentation: HOME PAGE ............USX...Swift Price---8.20---34.66 Expected earnings per share 2018-----1.34---2.36 2019-----1.58---2.70 PE 2018-- 6.1-- 14.7 In August, they mentioned problems with driver hiring / retention. The whole trucking industry is short on drivers. In November, they said that things are a better. The analysts still project USX earning a nice profit in 2018 and nice growth in 2019. Even if analysts are off by a bit, the stock price of $8 is quite low. August 2 That said, we continue to see an erosion of professional driver availability. As a result, we are continuing to focus on our driver centric initiatives to both retain the professional drivers who have chosen to partner with us and to attract new professional drivers to our team. We believe this focus allowed us to offset the difficult conditions, which have created a significant professional driver supply challenge for the broader industry as we slightly increased our tractor count during the second quarter of 2018 through an 11% reduction in our driver turnover percentage. Q3 press -- November 1 “We continued to see the results of our initiatives and cultural overhaul in the third quarter of 2018 as we experienced our fifth consecutive quarter of year over year improvements in our operating ratio while generating the largest amount of net income during a single quarter in our Company’s history, ... . We have taken steps internally to address the relevant issues and both average seated truck count and average miles per tractor per working day have increased in October compared with the third quarter. Based on the strong freight volumes, rate environment and the capacity currently being requested from our customers for the upcoming peak season during the fourth quarter, we feel well positioned to make 2018 the most profitable year in our history.” (Paul -- I joined you in NCLH when you posted in October.)

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