Steer Clear of XPO Logistics

According to a 13G filed with the Securities and Exchange Commission (SEC), Bares Capital Management has increased the size of its position in XPO Logistics (XPO) to a total of 1.9 million shares. Brian Bares manages the fund, which tends to focus on small-cap and microcap stocks, and he has published a book on the subject: The Small Cap Advantage.

XPO, a freight brokerage, expedited transportation, and logistics company, is indeed a smaller-cap stock with a market capitalization of about $340 million (on average over 160,000 shares are traded per day, so at the current price of about $19 per share, it has more than $3 million in daily dollar volume). The recent increase in the fund's stake (it had reported owning 1.2 million shares as of the end of March) gives it ownership of a little over 10% of the total outstanding shares....499 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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