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Daseke is This Week’s Featured Stock Under $10 -Breaking

by Mike Robinson

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© Reuters. Daseke is This Week’s Featured Stock Under $10

Daseke (NASDAQ 🙂 operates in North America and is an obscure, small-cap trucking stock. Daseke is currently benefitting from post-pandemic economic conditions and should see continued earnings growth this year.(*(Daseke (DSKE) The company is a hidden, small-cap trucking firm that operates across North America. It was started in 2008 and has its headquarters in Addison Texas. This company offers transportation and logistic solutions, with a special focus on flatbed freight and specialized freight. There are two main segments to the company: Flatbed Solutions & Specialized Solutions. The company’s customers include companies in aerospace, defense, steel, manufacturing, construction, building materials, and mining. The company also provides logistical planning services and warehousing. It currently operates 2,953 company-owned tractor and 2,099 independently-owned contractor tractors. There are also 11,579 trailers.

For trucking firms, the recovery from the pandemic has been highly positive as stimulus payments have led to an increase of American goods. For DSKE, it’s led to a turnaround in earnings and a more than 20% increase in revenue. Further, strength in DSKE’s customers’ end markets makes the picture even more bullish.

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