Old Dominion Freight Line (ODFL) Stock Looks Rich Against Cash Flow

Old Dominion Freight Line has seen its share price move steadily higher, and that kind of climb naturally raises a question for investors who care about cash returns. After a strong stretch on the Nasdaq, the issue is whether the current market value lines up with the freight carrier's underlying cash flows. Old Dominion Freight Line has returned 34.8% over the past year, which puts more pressure on the cash flow story to explain why the stock is priced where it is today. The business model...