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Covenant Logistics Group: Staying In Lane
CVLGenant Logistics (CVLG) Seeking Alpha·2024-08-13 19:36

Pgiam/E+ via Getty Images In late January of this year, one company that I was bullish on is a firm by the name of Covenant Logistics Group (NYSE:CVLG). I acknowledged in that article that the business had been impacted by weakness in the freight market. Even so, since I had previously rated it a 'buy' in December of 2022, shares were up a whopping 31.1% compared to the 20.2% increase seen by the S&P 500 over the same window of time. And since I first rated it a 'buy' in January of 2022, the stock was up 12 ...