Do I think it is a good entry point? Absolutely. Am I certain it is the BEST entry point? That is where it becomes difficult to assess. If I didn't believe the company was a good entry point I would remove it from the Bull List.
However, it is fairly hard to know when this freight recession is going to peak and when it is going to subside. Up until then, I would imagine there will be a lot of volatility in TFII's share price. If you're going to be buying right now, be comfortable with large swings in price, largely around earnings. It is important with these cyclical stocks to understand you can certainly be early, but that does not necessarily mean you're wrong.
Case in point, If you bought Bull List stock BRP Inc (TSE:DOO) back in March, you were down 25% within 3-4 weeks of buying. However, fast forward to now and you're up 57%.