October 27, 2017 comment

TFI International, TransForce is down about 6% on its earnings release. Adjusted earnings down a little. But overall the report shows growth in revenue and a gain on an asset sale. I am adding to my position this morning at just over $30.

Amazon is up 10%. It has a P/E of around 250 and so my methods see it as way over valued. I respect it but won’t buy it. I am not clear if Amazon can somehow shift into a higher profit mode or when that would ever happen.

P.S. Amazon earnings per share were 52 cents and the stock price is $1187. Presumably the market expects earnings per share to rise many fold (say 20 fold) at some point.