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1 point posted on 04/20/08

49%

The Correct Call :

+0.21%
risk: moderate

KNX - Downside Surprises

Knight Transportation (KNX) is a trucking company that has to be suffering from the awful combination of a slowing economy and exploding fuel costs. The company has delivered lackluster results for the last 3 quarter in a row, we believe they will make it 4 for 4.

KNX is slated to release its 1st quarter earnings after the close of the market on Wednesday, April 23rd. Analysts are expecting $0.14 per share.

Many trucking and shipping companies have missed their estimates and have issued lower expectations for the remainder of ’08; the biggest example being UPS’s recent downward quarterly guidance.

The Correct Call expects similar news from KNX and possibly a test of its recent low of $14.50.

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Knight Transportation Inc.

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