Saia (SAIA)

Saia (SAIA)

Postby winston » Fri Jul 10, 2020 9:11 pm

not vested

THIS COMPANY'S NEW HIGHS PAINT AN ENCOURAGING PICTURE

Today's company flourishes as the economy gets back on its feet...

As regular readers know, we use certain companies as real-world economic bellwethers. They tell us if products and services are in demand, and whether or not money is moving through the economy. The coronavirus pandemic continues to disrupt the country, but today's company shows that the broad recovery is underway...

Saia (SAIA) is a $3 billion trucking company with 169 shipping terminals in 44 states.

When the economy is struggling, folks buy less and the demand for shipping declines.

Saia did make 16.2% fewer shipments per day in April compared to the year before, but that decline had already slipped to a 9.2% year-over-year dip by May.

And to prevent illness-related disruptions, the company quickly tweaked its processes to minimize face-to-face interactions.

SAIA shares slumped nearly 40% from late February to early April. But they've nearly doubled since then and recently hit a new all-time high.

Saia's recovery paints an encouraging picture of our recovering economy...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Return to S to Z

Who is online

Users browsing this forum: No registered users and 8 guests