O.D.'s stock is taking a beating just like about everybody else.It don't make much of a difference IF you have a long row to hoe.If the row is short,it might be time to think about saving instead of gambling.
There is hope. Other LTLs are dropping more percent per share. OD might keep up. could end up picking up some markets. Anyway do not want to say much it is speculation and one really never knows.
While there are worries about the economy heading toward a mild recession, investors are still energized by the potential for U.S. companies to grow. Companies might have had their most challenging quarter in five years, but they are still sitting on large cash stockpiles — and those with international units are able to take advantage of growth outside the United States.
Furthermore, Wall Street doesn't expect the credit turmoil will send a shockwave through other parts of the economy. The debt markets — roiled after defaults in subprime mortgages triggered a global aversion to risk — have remained mostly intact and problems appear to have not spread to other asset classes.
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