TransForce Report, updated

Our Report for TransForce is updated and rated Buy at $24.81.

I like the approach of the founder / CEO of this company which I find to be highly rational and also very open and transparent. His strategy has ben very successful over the years and this will likely continue despite slower periods such as the company is experiencing at this time (mostly due to the weaker Canadian economy).

The stock is down 4% since I added to the site in late October. But it’s up 22% since our last update on February 14th. The stock price declined in early 2016 and bottomed out at just under $19. This volatility provided buying opportunities.

The company will likely report an earnings decline in the next two quarters and so it is certainly possible that the price could dip again. But overall it is reasonably valued at this time and will likely continue to be a good long term investment.

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