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Amid ongoing economic uncertainty, investors are turning to durable, high-quality businesses like Old Dominion Freight Line (NASDAQ: ODFL), whose stock has declined over 30% from its 52-week high, presenting a potential buying opportunity for long-term investors. Despite a recent dip in earnings due to a cyclical downturn in freight, improvements are likely if consumer confidence and the economy rebound. With a strong balance sheet, proven pricing power, and dividend payments, investors are encouraged not to wait for economic recovery before considering this stock.
