Prolonged low rates = time to short trucking stocks?

Put another vote for shorting Swift -- in October the drivers' class action against them for 'short miles' is going forward. Swift could be liable for $500,000,000 Milllllliiiiioooooonnnn dollars (doing my best Dr Evil impression) that they stole from independend contractors.

Just think if Swift wins, it will only serve to bolden them to steal more from their contractors-- and their stocks would shoot up -- so it is a big gamble unless you could somehow get the judge to tell you his decision before hand lol.

 

Did you forget to carry the 1?

Can't believe it cost that much. I've done lots of shorting and have never had more than a few percent in carry costs. The most expensive was a long EUR/ short AUD cross trade. The Aussie dollar pays a fairly high interest

TA

 

Any truck owner willing to work for 90 cpm plus some piddly fsc deserves to be cheated.

 

Shhhh....

SWFT in the low $15's

Still hold the view of low $10's

Shhh...

TA

 

According to all other indexes primarily CASS 2015 was better than the previous years except for 2014.

 

Swift missed their earnings by 10%, blaming crashes and workers comp claims along with settling a class action lawsuit.

I don't buy that is the whole reason for that big of a miss though. Their contracts are changing to a lesser paid program and competition is eating them up. They appear to have settled the class action 'short miles' lawsuit for about [edit] 10% [/edit] (1%, that's right, ONE Percent) of what the plaintiffs were seeking.

All of these excuses appear to me to be a smokescreen of bigger trouble on the Swift horizon. Recommend SELL, SHORT

Edit== 1% settelment rather than 10% which raises my doubts it has a contributing factor with Swift missing forcasts

 

Spot has been better for me.