Equity Manager Keen On Trucking Stocks
In spite of high fuel prices and other transportation woes, an Ohio-based stock fund manager is touting trucking stocks for his portfolio.
Although all six businesses are profitable, they are trading near book value, according to Baumgartner. Because market investors as a whole are evaluating the stocks so conservatively, he thinks they are now a good buy.
For the full story, see the Oct. 30 print edition of Transport Topics. .
During the summer and fall, Larry Baumgartner has been taking a position in both truckload and less-than-truckload stocks for his One Group Small Cap Value Fund of Columbus.
Trucking companies comprise six of the 150 corporations in his portfolio. They are: J.B. Hunt Transport Services (), Landstar System Inc. () and Werner Enterprises () on the truckload side; and CNF Transportation (), USFreightways Corp. () and Yellow Corp. () among LTL carriers.
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