What caused the 20%drop TFII

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TFII back up to $140 around March 22, and it’s last earning report seems pretty positive on its outlook in this year; what has caused the recent week’s big decline to $109 as of yesterday closing?
Thought on adding TFII around current price level?

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Asked on April 8, 2022 1:07 am
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THere is a lot of talk around the entire trucking industry right now. Here is a link that sums it up:

https://www.freightwaves.com/news/just-three-years-after-2019s-trucking-bloodbath-another-one-is-on-the-way

So low trucking volumes is a concern and one that led to a broad sell off across the board. Here is the thing though, TFII took advantage the last time the industry went through this by making acquisitions on the cheap and it kept growing in spite of this. We expect much the same this time around. Even though i have a full position, i might be looking to add here myself.

Mat

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Posted by Mathieu Litalien
Answered on April 8, 2022 5:40 am