Rates are crashing and fuel to the moon!

Trust me, there is nothing "just around the corner " from the Nugget to park. Everything 'just around the corner " is a money making enterprise......and that don't mean trucks.
But, yeah, find a place to park and cab or Uber to the Nugget.
@Chinatown will probably be your best guide.
Have fun!

 

So if you wasted $10K on Schneider shares when it first came out, you'd now have made $3,768.44

Minus the broker fee ( $500? )
Minus the maintenance fees, Minus income tax.

Make moar than that in one week as one of their company drivers.

 

I don't have DAT anymore.
So, the rates went up? How much? And for how long?

 

Park that big ol red peterbilt right smack in the middle of fremont street

 

Are you sure? What about I-5 highway then going through Deception Pass then south to Langley. Is it on the Whidbey Island? You can still reach the island without the ferry.

 

sure you could.. makes it a 200 mile load instead of 90 or whatever it was...

 

Assuming a $10,000 initial investment you'd have 512 shares, after brokerage fees.

So assuming you sold it today, you'd be looking at a 30% after tax profit, annualized that's 5% - almost double what putting $10,000 into a CD would have made in the same time. Not to mention the $600 or so paid in dividends during that time.

Buy and hold investors have made a solid return, speculators not so much. Were there better investment opportunities/strategies? You betcha. However for a low risk long growth stock, it's a solid option. It's not now nor has ever been in my portfolio, but your antagonism to the company doesn't mean it's a bad investment or a bad place to work.

 

think the only people investing in transport stocks is big time investors..waste of time for the small guys

 

Not really. It's a question of how much the investor is willing to pay attention and how much knowledge they have.

You own your own truck, and from what I can see you make a darn good return from that investment. You could easily expand your knowledge of the industry into above average returns - provided you're willing and able to pay attention to small changes in the market. The problem is you can't drive your truck AND pay attention to the market at the same time.

That is the problem with our modern economy. Executive compensation is directly tied to share price and Investment Bro's lifestyle is directly tied to share profit. Meanwhile 401K/retirement funds are directly tied to share price but are constantly paying out while struggling to get reinvestment. The conflict of interest is huge even before the difference between Class A and Class B shares are considered. Even if that weren't a thing, it is staggering the number of shares that aren't voted or are denied the opportunity to vote.

I spent the summer I was 16 chauffeuring my Dad around because he had thrown his back out and couldn't carry his briefcase into court. It was an illuminating experience that took me years to really understand. One of those experiences was a small bank that was in a power struggle created because the original owners had passed their shares onto their children/grandchildren leaving no clear majority - 20 investors became 300 in a ten year period. The bank president tasked my Dad with facilitating a solution, to which my Dad arranged a sale to another regional bank. When the shareholder meeting was held to discuss the sale, the President stood up behind the podium and said "we've got some formalities to deal with first, then we'll talk", gaveled the meeting to order, and 60 seconds later the bank was sold with less than 1/3 of the shareholders voting for it. Of the total number of shares, just over the minimum required by law submitted their proxies to hold the meeting and just over half of those approved of the sale, which mean the sale was valid. Almost 35% of the shares didn't submit a vote at all which allowed those who did vote to control the process. On one hand it was a really impressive coup de tete, on the other it was a scary dystopian vision of the future.

Small investors have an incredible amount of power, but they rarely exercise it. They leave it up to their investment guru, who either votes in a self subservient manner or "leaves it up to the client" who doesn't vote at all, which allows the Board of Directors to control the company despite not receiving a majority of the total votes available.

I don't have a solution to this problem, but recognize it as a problem. I have no idea how to engage people with their 401K/pensions and get them to make decisions that a self-beneficial AND good for the larger society.

 

I make it a point to vote on every annual meeting I get emailed from my brokerage, even if compared to the whales it's a tiny remote drop in the bucket. Democratization of the stock market can be a real thing I believe, if people were more aware and more proactive.