what do you guys think about getting into ECHO now? The PE is at 38 which scares me as their main competitors are at PE's of 12 to 18.But, they are one of the few that are growing the top line so fat. Any opinions here would be appreciated.
If you're not in the stock now, just wait until the earnings report comes out after the bell to get a clear read on 2013. You might not catch the bottom, but the stock won't get away from you either. Sure, the trailing P/E looks high, but the forward P/E is reasonable and P/S ratio is a joke. If they can improve operating leverage like they say they can, then their net margins will normalize and this stock will be incredibly cheap at this level. It's just a matter of execution. The revenue is there. I think this is a safer play than XPO, yet the upside is almost the same due to ECHO's shareholder friendly capital structure.