Tenold - a Mullen Company

Best friends dad has a truck on there and loves it, he's busy 5 days a week and home every Friday afternoon. He's not the type of person to work for cheap either. He mostly just sticks in bc with his hiab equipped tractor.

 

I work for Payne, which is also owned by Mullen. I've never heard anything bad about Tenold. I've talked to more than a few of their drivers.

 

One thing - and this may or may not be true - all their drivers are on revenue and don't know what the load pays until they get their statement. I would never run for a company like that in a million years.

 

Sara, I hold stock in Mullen Group and have for many years. Go back on their quarterly financial reports and see if they have ever shown a loss.

Here's the last quarter report.

I bought more about 18 months ago at $21.60, they closed Friday at $30.14 I'm up 40% plus dividends every quarter.

For the three month period ended March 31, 2014, Mullen Group generated consolidated revenue of $412.0million, operating income of $91.2million and net cash from operations of $35.1million. During the quarter Mullen Group incurred net capital expenditures of $13.3 million, paid dividends of $27.2 million and paid interest obligations of $3.7 million.

 

It's not true, buddy's dad wouldn't run like that either. He knows wat it pays before he loads it.

 

Never worked for them directly, but I've hauled a lot of loads for them over the years, straight up group of people from that side.

 

OK thanks for clarifying that.