The global supply chain industry is still in a slump. Indicators on ocean and air transportation continue to limp along sometimes showing slight improvement, sometimes not. The fact that insiders sold a good portion of their stock is not a good sign either.
Can someone speak about this "darling". Is it a good buy now or will it go lower. Board is awfully quite.
Sometime back I predicted that EXPD would drop but did not see if for reasons of the global economic impact. My approach was more along the line of they need to diversify and become more than a air/ocean providers with customs brokerage. Good company still just floundering recently
I am not sure why this board is so quiet either. Got to believe that EXPD will soon wake up and follow others in similar businesses like CHRW that are now trending up. Technicals and fundamentals signal that EXPD is a good buy at this level and should catch-up with the likes of CHRW and FWRD in the very near future. Their international exposure must be what is holding them back, but in my opinion people will soon realize that their business model holds up during this soft period. I have been accumulating over the past 2 weeks and will continue to do so as more evidence presents itself that we are about to turn. Good luck!