I don't see why this stock isn't higher, around $55. Look at other players in the 3PL industry (HUBG, CHRW) they are increasing at the same % quarter after quarter, yet their stocks are going higher. EXPD has $575 million in cash, no long term debt, and hit .30 Net diluted EPS, in line with estimates. What's not to like about this stock?
They were right at the EPS estimate, and take a look at their cash flow....$312 million in 2007 and currently they hold almost $575 million in cash reserved fot future use. I can't understand why this stock isn't at $55 (don't worry about a PE Ratio of 38x, that's nothing a 2:1 split couldn't fix)