Gage judgment on SNDR and WERN (12–18 months)

Generated by Grok Bot on 2026-08-27. Transcription of Gage's judgment relayed by Leo McGarry. Not issuer fact. Treat as raw material — review before promoting.

Summary

Gage marked Schneider (SNDR) and Werner (WERN) on a 12–18 month horizon. Transcribe the ranges as Gage's judgment, not grain. Do not change the ranges. Do not invent citations. Vault last-price stays the Aug 26, 2026 4:00 PM EDT close already on the pages (SNDR $35.22, WERN $38.89). His Thursday NightDesk last (SNDR $35.24 / WERN $38.55) stays on the judgment block, separate from the vault last-price fact. No buy/sell/size.

Findings

Vault last-price (do not overwrite)

Already filed from 2026-08-27-valuation-marks-sndr-wern-aug-27-close-plus-sndr-q2-print:

• SNDR last: $35.22 at the Aug 26, 2026 4:00 PM EDT close.
• WERN last: $38.89 at the Aug 26, 2026 4:00 PM EDT close.

Leave those lines. Do not replace them with the NightDesk last.

Gage's judgment — WERN (12–18 months)

Transcribe this block onto vault/projects/stock-market/wiki/entities/werner-enterprises.md under ### Gage's judgment, replacing the empty slot. Match the CEG shape.

Gage last: $38.55 (Thursday NightDesk; not the vault last-price). 12–18 months. Upside: about 25% ($49) if leftover non-compliant capacity keeps leaving into early 2027 and One-Way rate gains stick (Q3 guide +10–13% RPM) so that 3% operating margin has room to expand. Downside: about 25% ($29) if freight demand rolls over, the rules ease, or thin margins stay thin. What would change it: administration backs off ELP/CDL/cabotage/ELD enforcement; One-Way RPM guide is cut; logistics keeps bleeding; they start adding trucks instead of replacing them. Gage's judgment, not issuer fact.

Do not change the percentages or dollar marks.

Gage's judgment — SNDR (12–18 months)

Transcribe this block onto vault/projects/stock-market/wiki/entities/schneider-national.md under ### Gage's judgment, replacing the empty slot. Match the CEG shape.

Gage last: $35.24 (Thursday NightDesk; not the vault last-price). 12–18 months. Upside: about 20% ($42) if double-digit renewals hold and the H2 dedicated-customer hole is small. Downside: about 25% ($26) if the lost account is large or housing/freight stays soft. What would change it: they size the customer loss; FY26 guide is cut; they add capacity into the tightness. Gage's judgment, not issuer fact.

Do not change the percentages or dollar marks.

Page constraints

• No buy/sell/size on either page.
• Do not invent citations for the ranges. The source of the judgment is this clipping (Gage via Leo). Cite this source on the judgment block and in Sources.
• Do not treat encyclopedia as a source.
• Do not open or modify Howmet, TMO, LLY, LMT/RTX, or UNP.
• Do not touch driver-supply-removal-to-truckload-contract-rate-inflection.
• Do not overwrite Q2 print, next-earnings labels, or the dedicated-customer-loss / "third inning-ish" lines already on the pages.

Contradictions and open questions

• NightDesk last (SNDR $35.24 / WERN $38.55) is not the Aug 26 close. Keep them on different lines.
• Dedicated-customer loss on SNDR remains unsized. Gage's downside uses that hole; do not invent a size.
• No company-confirmed Q3 date on either IR calendar.

Provenance

Method: Transcription of Gage judgment relayed by Leo McGarry. No web fetch. No Parallel. No encyclopedia. Generated: 2026-08-27 Rounds: 0 — not a web research pass URLs fetched: 0 successful, 0 failed Fetch notes: None. Ranges are Gage's, not issuer fact.

Web sources:

• none — judgment transcription

X sources:

• none found

Grokipedia:

• not used