Summary: OVERPRICED
Score: 3/20
MOS: 22%
Share Price: $25
Sticker Price: $33
Is ECHO a good buy?
I just read an article stating that ECHO is a STRONG BUY based on the first positive earning quarter in over a year. I love how some of these news publications and financial guru’s latch onto one single financial metric and then apply emotions to the analysis, THINKING the stock will take off like a rocket.
Echo simplifies transportation management. They have a proprietary, web-based technology platform that compiles and analyzes data from its network of over 40,000 transportation providers to serve clients across a wide range of industries and simplify the critical tasks involved in transportation management. Overall, they help customers ship products quickly, securely, and cost-effectively.
Echo is based out of Chicago and have just over 2,500 employees. They have lot of awards listed on their website including the top 101 best companies in Chicago to work for, the top 500 college graduate entry level companies to work for in the US, and the #1 best and brightest company to work for in the nation (2019). It looks like they certainly place a strong emphasis on hiring great people and taking care of their employees.
Although I respect their track record for taking care of people, that score of 3/20 shows the financials are in rough shape. Although the share price is slightly lower than the sticker price, it’s not at the 50% discount we like to see. Maybe place Echo on your watchlist but at this time, we can find much stronger investments within Tykr.
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