Is Con-Way Going the Right Way? at FinGad.com

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Categorie: Equities
Submitted 9 months ago by

Larryswinford

Con-Way Trucking (CNW) is buying more trailers, about 1,270 from Wabash National. Whether that is related to news of the week before is related is kind of fuzzy, it seems that American truckers want to do business in China. One of Con-Way’s operations is logistic controls.Earlier this month several transportation companies had a downturn in the stock market. Take a look at what Con-Way in the last couple weeks, not exactly down.The company does some $4.3 billion in sales and has a market capitalization of closer to $2 billion. The sales did just shy of 4 percent higher, yet profits went the other way. From the quarterly earnings per share figures, December 2006 reported $1.65, March 2007 had $0.63-0.69 (extraordinary items), $1.02 in June, and $2.29 at the end of September. Unfortunately, this last December was only $0.72, a rather significant drop.Before we start painting the picture of Con-Way as a loser, look at the comparison chart.While Con-Way has performed below the industry average, it is about to intersect on its way up to the DJ Total Market index. Mirroring the fortunes of the industry average, Con-Way appears to be bucking the larger market’s trends.Here is what makes it interesting to me. The ... More...

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