Year-End #4 - A new addition, XPO

Saul,

Thanks again for these great write-ups to see how you are thinking through the investment. I really appreciate the story, numbers and analysis you are giving us.

I had a quick question on XPO, which sounds like an interesting company and business model.

Fool Income Newsletter recommended C.H. Robinson (CHRW) on 4/8/14 @ $53. They appears to the “800” pound gorilla in the space, though it only has 22% of the marketshare. Now trading at $76, and a $11B market cap.

When you decided to invest in XPO, did you also look at/consider CHRW? If so, did you see something you liked more at XPO vs CHRW?

Thanks again
Chris

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