TFI International (TransForce) update May 21, 2017

TFI International is updated and rated (higher) Buy at $27.50. Since our last rating (which was weak buy/ hold) at $33.15 the stock has declined and the earnings and revenue have increased.

This is a very well managed growth-by-acquisition company. While some people frown on growth by acquisition, my experience is that the very best long-term investments that I have tracked over the years have all been in that category (Stantec and Alimentation Couche-Tard, Constellation Software and Canadian Tire).

I will likely purchase some TFI shares on Tuesday.