I'm hurting a little bit right now. I sold too early. But there will always be a correction down the road. Regarding AWFY: I'm in big with this one and also Yellow Corp which I have a nice gain.
Think all truckers can see a good rally if we get a break on fuel prices. Doesn't matter that the LTL truckers have a fuel hedge/surcharge. What matters is what the idiots who control investment dollars do with their money, and they won't buy until fuel prices fall
With higher fuel prices, LSTR added a fuel surcharge (which it doesn't get any of). If fuel prices stay high though, this surcharge will become part of the regular pricing. Since LSTR gets paid as a percent of gross revenue, LSTR's revenue rises and income soars as this flows right to the bottom line. (Remember, LSTR does not own trucks nor does the company buy any fuel.) And if fuel prices fall, LSTR doesn't lose anything because currently there's only a surcharge. You need to stop looking at LSTR as a trucking company, which it used to be.