Updated TransForce report

TransForce Inc. is updated and rated (higher) Buy. Earnings from continuing operations will likely decline modestly in 2016 due to weakness in some of its segments and due to the sale of its waste management division. However, the company is very well managed and will likely continue to grow over the years. Also it will report a very substantial gain on the sale of its waste management business in Q1. The gain is about $5.50 per share pre-tax.  And it has announced an auction whereby it will buy back 10% of its shares at a price between $19 and $22 depending on offers. The CEO strongly believes that the shares are under-valued at this time. I am very comfortable owning a modest position in this company.