USA Truck, Inc. (NASDAQ:USAK)
A dry van truckload carrier transporting general commodities throughout the continental United States and into and out of Mexico and portions of Canada.
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With the Holidays coming up, this stock is on the verge of bouncing back in a very big way. Great time to buy at great price.
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When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!
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A recessions a coming this summer and high oil prices are not going away since the falling dollar is to blame, and continued inflation is not going to bring the value of the dollar up any time soon. Burnanke was not helping this country by bailing out the crust of American society. Also, Bush's stimulus package didn't help the upward inflationary pressure that is killing this countries middle class. Sorry about my rant but anyway my point is to sell trucking since rail is about to take over from the high price of fuel.
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With high fuel prices and a general decline in demand for consumer goods, I simply don't see how this company can expect to do well in the near future.
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Usak is Truckload company foolishly competent and long on experience. It has demonstrated its ability to run with the Big dogs and quitely build its fleet size and logistical operations. A boring but foolishly effective. Its stock price has been hammered down but its business still grows.
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The ticker is "you sack." That just screams BUY.
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