USA Truck Reports First Full-Year Profit After Five Years of Losses

Discussion in 'USA Truck' started by EZX1100, Feb 13, 2015.

  1. EZX1100

    EZX1100 Road Train Member

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  3. chalupa

    chalupa Road Train Member

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    Good for him.......my thought is where his improvement came from. Assets and brokerage, not the actual fleet and it's management and his O/R is still deep in the 90's plus he offers 2 numbers.

    The gross number looked good but it appears he still has too much fat on the bone keeping the O/R high.

    In fairness I took a small position with him when he was down banking on a buyout. Doesn't look like that's going to happen now.
    ( He owns some juicy assets that would pull a premium if sold )

    Thanks for the update
     
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