What's going on, guys. Today we got a great episode with John Pompiano. We cover everything.What Scott Besson thinks about the US economy, why Tom Lee is so bullish, how Jordy Visser thinks the Bitcoin market is going through an IPO moment, and then we even talk about job creation, mega AI deals, what's going on with the New York City mayor race, which is happening today, and of course, I give you all my thoughts on Bitcoin stocks, and much more. Here's my latest conversation with John Pompiano. All right, ...

Core Viewpoint - Old Dominion Freight Line is well positioned for future economic growth despite current cyclical downturns in freight volumes, presenting a potential investment opportunity as its stock is currently undervalued [1][15]. Financial Performance - The company's first-quarter revenue declined 5.8% year over year to $1.37 billion, with net income down nearly 13% to approximately $255 million, and diluted earnings per share falling from $1.34 to $1.19 [4]. - Despite these declines, Old Dominion maintained a strong operating ratio of 75.4%, which, while slightly higher than the previous year's 73.5%, remains superior to most competitors in the freight industry [5]. - Revenue per hundredweight, excluding fuel surcharges, increased by 4.1% year over year, indicating strong pricing power even in a challenging market [6]. Investment Strategy - Old Dominion has continued to invest aggressively in its network, spending $1.5 billion on capital expenditures over the past two years, reflecting confidence in future market share opportunities [8]. - The company plans to reduce its capital expenditure for the upcoming year to $450 million, down $125 million from previous plans, but this still indicates a commitment to growth [10]. Shareholder Returns - In February, Old Dominion increased its quarterly dividend by 7.7% to $0.28 per share, resulting in a dividend yield of approximately 0.7% [11]. - The company repurchased about $201 million worth of its own shares in Q1, alongside approximately $60 million paid in dividends, totaling over $260 million returned to shareholders in three months [12]. Market Outlook - The current economic backdrop presents risks, with freight volumes expected to remain sluggish in the near term, but the stock's recent pullback may have already accounted for these risks [13]. - The stock trades at about 30 times trailing earnings, which may appear high, but could be considered a cheap valuation if the economy recovers and the company utilizes its excess capacity effectively [14].