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10/19/05 10:49 AM

#25866 RE: kipp440 #25862

kipp, re RUSHA

I thought for sure it would gap up $1-$2/share. Bought more around $14.50. Stock is only up 2% after some terrific Q3 numbers. Tough market. There was even a slightly negative impact on Q3 results from the hurricanes (some dealerships were closed for a week). Bullish demand outlook for Q4 and 2006. Great balance sheet with nearly $5/share in cash. Stock is trading at a fully-taxed, TRAILING p/e below 7 net cash. For a Nasdaq company that grew revenues 64% last quarter?? Guess people are worried about impact of high fuel prices on the trucking sector...but even in that scenario, stock looks like a bargain.