2. Travel Centers of America
The stock-price of Travel Centers of America ( TA) recently got hammered when the company reported a dismally massive downside surprise for last quarter's earnings. Make no mistake about it -- it was bad.
But the vast majority of the earnings miss can be attributed to this past quarter's unanticipated low profit margin on TA's critically important sales of gasoline, which sported a depressed price for much of last quarter. Everything else about the company seems to be sailing happily along toward a more prosperous future, and gas prices have been up significantly this entire quarter. Plus, the summer months are historically the best months, by far, for TA's business.
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