Saia selloff brings ‘rare buying opportunity,’ says Deutsche Bank

Deutsche Bank views the selloff yesterday in shares of Saia (SAIA) after Old Dominion (ODFL) suggested that volumes have stabilized but have not improved in March and April as a "rare buying opportunity." While numbers need to come down in response to the update, the drivers of higher valuations and structural upside for the less than truckload stocks "are completely intact," the analyst tells investors in a research note.