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.
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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 (JBHT), Landstar System Inc. (LSTR) and Werner Enterprises (WERN) on the truckload side; and CNF Transportation (CNF Inc.), USFreightways Corp. (USFC) and Yellow Corp. (YELL) among LTL carriers.
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