SAIA’s Big Bet: Can Aggressive Expansion Fuel Growth?
🚚 Saia is making significant investments, likely related to acquiring and integrating terminals from the bankrupt Yellow Corporation, leading to unusually high CAPEX.
💰 This aggressive spending has temporarily crushed free cash flow, resulting in a very low FCF yield (around 1%), despite continued revenue growth.
📊 The company maintains low debt and has a history of share issuance (structure needs clarification), but the current valuation seems high relative to the depressed FCF, making it an interesting but potentially risky situation.
