Another View Q: May I have your comments on TFII's earnings? Is it time to pick up more shares?
Sales rose 21% to $2.42B, beating estimates of $2.27B. EPS of $2.61 rose 76% and beat estimates of $1.80. The company filed to buy back 8.8M shares. Free cash flow rose 16%. Operating ratios were strong and we would consider it a very good quarter. We cannot comment on personal position sizes but we would be comfortable buying at 13X earnings valuation right now. (5iResearch)