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What: Shares of trucking company Arkansas Best
So what: Hurt by bad weather and spiking fuel prices, Arkansas Best posted a first-quarter loss of $12.8 million, or $0.51 per share, versus analyst estimates of just a $0.21-per-share loss. Trucking companies such as Arkansas Best, YRC Worldwide
Now what: Arkansas Best might be worth looking into. The company's bottom line was definitely dismal, but the first quarter is typically the slowest for trucking companies, and management retains its bullish belief that it will return to profitability this year. In that light, Arkansas Best might be poised for a few upside surprises going forward. More importantly, with a rock-solid balance sheet and reasonable forward P/E, the stock's downside seems adequately protected.
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