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Non-Tech
CNF - Best Buy in Transportation
An SI Board Since December 1998
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Emcee:  Michael Burry Type:  Unmoderated
Introduction Compact
CNF Transportation is an interesting parent of three : Emery Worldwide, Menlo Logistics, and Con-Way Transportation. Emery just won a 1.7 billion contract to handle priority mail for the USPS for 13 states in the eastern US, the largest ever given by the USPS. Fed Ex and UPS couldn't bid because they are considered competitors; CNF via Emery has a great shot at more priority mail states. Even so, Con-Way is solid transport cyclical holding, and Menlo's growing rapidly. See: biz.yahoo.com You get 20% ROE paired to a 2.3 P/B, and $2.50 or so in earnings for $34 bucks. There's a big cyclical component, and the Postal contract is still up in the air. Let's discuss it.

Michael Burry
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11 CNF was written up very positively in a newsletter I take. They are handling tDave Johnson-11/15/1999
10 Merrill Lynch placed a buy recommendation this morning on CNF. Joel-4/15/1999
9 Mike, I'm not sure if you still follow this stock, but have you heard anythTwoBear-3/29/1999
8 yes, she said that they got a postal contract involving deliveries of internet Dennis-3/29/1999
7 Must know something we don't. Like maybe some soon to be awarded postal coTwoBear-3/28/1999
6 cnf mentioned on cnbc tonight......65 price target....any comments???Dennis-3/28/1999
5 bla bla bla.honeybadger-2/21/1999
4 CNF... Got a good mention in CBS MARKETWATCH this morning... A final example iBBG-1/25/1999
3 Grommit, I've read your posts on other threads and respect your opinion. I Michael Burry-1/7/1999
2 A new thread, that's good. I'm looking at CNF now not so much due to tgeoffrey Wren-1/7/1999
1 Hi there Michael. I do not think CNF is the best buy in transportation, but it Grommit-1/7/1999
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