Saia, Inc. (SAIA)
The Company is an asset-based trucking transportation company that provides a variety of trucking transportation and supply chain solutions to a broad range of industries, including the retail, chemical and manufacturing industries.
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They'll make a comeback
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Trucking company Saia Inc. said Friday it swung to a first-quarter loss, hurt by weak pricing and demand compounded by "unprecedented" fuel prices and severe winter weather.
The company posted a loss of $833,000, or 6 cents per share, compared with a year-ago profit of $3 million, or 21 cents per share.
Saia estimated the rapid increase in fuel prices hurt the quarter by 6 cents per share. Severe winter weather had a 2-cent-per-share impact, the company said.
Analysts were expecting break-even earnings per share, according to a poll by Thomson Financial.
Revenue rose 8 percent to $249.3 million, from $231.8 million in the prior-year period.
"We are operating in a difficult economic environment with weak tonnage demand, increasing price competition and escalating fuel prices which continue to pressure margins," President and Chief Executive Rick O'Dell said in a statement. "We are managing through this challenging environment with our targeted sales and marketing programs to build density while continuing to pursue engineered cost and efficiency initiatives."
© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Had some problems the past year but are making a strong come back.
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Below $15 - seems like a decent time to buy this good company.
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A turn around story that will take a little time to come through.
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Beaten down trucker with book value around $11; respectable balance sheet, good earnings...at current levels it becomes a takeover candidate.
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Keep a close eye on this one guys. These folks are aggressive this trend is temporary. Look at the stock for their competators $24 a share. Get it while is cheap
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A short term drop in fuel prices will fuel increased earnings. Demand for freight services continues to grow.

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