ODFL Stock Splits Again After 48,000% Gain Since 2000
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Old Dominion Freight Lines (ODFL) is a leading less-than-truckload shipping company that has seen its stock price rise over 48,000% since 2000.
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ODFL is splitting its stock 2-for-1 on March 17, its 7th split in 21 years, which will make shares more affordable.
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Companies that split stocks have historically outperformed the market in the year after the split by 18%.
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ODFL has a wide competitive moat thanks to its nation-wide network, delivering over 99% of shipments on time with few errors.
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Dollar-cost averaging into ODFL shares could be prudent amid the cyclical trucking industry downturn and the stock's lofty valuation.