Weitz Investment Management: Strategic Sale of Old Eastern Freight Company to Lock in Profits
2026-08-17 23:17:20
According to CoinMeta, Weitz Investment Management Company released its investor letter for the second quarter of 2026, stating that its large-cap stock fund achieved a return of 7.03% in the second quarter, which is lower than the 15.49% return of the Bloomberg US 1000 Index. In the letter, the fund highlighted the strategic sale of Old Eastern Freight Lines (NASDAQ: ODFL), noting that the company demonstrated outstanding management and value-building capabilities in the highly competitive freight industry. The stock price of Old Eastern Freight Lines has risen by 40.30% over the past 52 weeks, with a market value of $43.45 billion. Despite market fluctuations, the fund continues to invest in quality companies, believing that this strategy will lead to better returns.
Source:Internet
This content is for market information only and does not constitute investment advice.
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