Q: Which company would recommend between TFII.TO or ODFL and why
5i Research Answer:
We do know TFII 'better' and have followed it for decades. ODFL looks solid, but TFII has a much lower valuation (by half) and a higher yield. ODFL has a stronger balance sheet (net cash) but TFII's balance sheet is not exactly weak. With similar expected growth rates, we would side with TFII.