The company is a resaler of services, buying and selling transportation services of others. It doesn't own any heavy infrastructure and carries no debt on its books. Whether the US imports or exports more, it is in a position to benefit from either… More
Love being an owner of this wonderful wide moat business. I will have to buck the trend, though, and put its fair value in the high 30s. This assumes an initial 5-year growth rate of 16.5%. Thus, it is currently trading at a 20% premium. I expect it… More