Traveling Man (SAIA)

CHAG SAMEACH, Good Jews and Noahides!

Sukkot, as you know, is the festival of separation.

That’s why it’s so filled with joy.

With Hashem’s help, may we achieve a full separation from all that’s evil, all that’s unholy, and all that hinders us from closeness to the Al-Mighty G-d of Israel.

Next week, we return to our regular publication schedule.

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We’re looking at the transports this week, because they’ve shown a great deal of weakness of late, and we believe it’s only the start.

In particular, we’ve zeroed in on Georgia’s SAIA Inc. (NYSE:SAIA), truckers of last resort across the United States of America.

And with that, we move straight to the fundamentals:

• SAIA rides on a P/E of 31.60, while analysts expect that number to deflate to just 25.20 a year from now.  (We say that latter figure is a mite bit hopeful.)
• Dividend Yield on the stock is BUPKUS, while…
• Price to Book is a jack-knifing 6.06!  You try to keep a rig like that on the road.

• EPS were DOWN on the year by 3.42%, while…
• The latest quarter’s Earnings AND Sales contracted by 16.63% and 6.83%, respectively (Q/Q).
• And if that weren’t enough, insiders bailed on 20.11% of their holdings in the last half year.

The company’s next earnings release arrives at the end of October, but we’ve a hunch it won’t take that long to put a stick in the spokes.

Have a look at the chart…

Enjoy your time in the sukkah, friends!

!זמן שמחתנו

With kind regards,

Hugh L. O’Haynew

Follow @HughLOHaynew