In a year when nine publicly traded Arkansas companies lost more than 40 percent of their value, Arkansas Best Corp. had the best return for investors.The Fort Smith-based company, whose biggest subsidiary is trucking firm ABF Freight System Inc., finished 2008 up more than 37 percent. It closed at $30.42 Wednesday, up $1.08 for the day in trading on the Nasdaq exchange.
Arkansas Best's attraction for investors is its stable financial position, said David Humphrey, the company's director of investor relations.
"We have a pretty strong balance sheet and essentially no debt," Humphrey said. "At the end of the third quarter, we had $230 million in cash available. We have an experienced management team. And we're just a good, conservative Arkansas company."
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