Kirby Corporation (KEX) has hit its numbers out of the park this quarter. They've beaten expectations on EPS and have raised their earnings guidance for the rest of 2011. The high price of oil may be a factor in pushing up earnings for this oil products carrier, but a stronger factor may be Kirby's overwhelming dominance of Mississippi River barge traffic.
KEX's surging share price gives it a strong currency it can use for all-stock acquisitions if it wishes. This one bears watching for the right entry point.
Full disclosure: No position in KEX.
KEX's surging share price gives it a strong currency it can use for all-stock acquisitions if it wishes. This one bears watching for the right entry point.
Full disclosure: No position in KEX.
