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USA truck is broke

Discussion in 'USA Truck' started by jtannillo, May 21, 2013.

Page 1 of 21
  1. May 21, 2013 #1
    jtannillo

    jtannillo Medium Load Member

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    Jul 21, 2012
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    jtannillo, May 21, 2013
    jtannillo, May 21, 2013
    #1
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  3. May 21, 2013 #2
    jtannillo

    jtannillo Medium Load Member

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    Jul 21, 2012
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    150 mil in debt and virtually no cash
     
    jtannillo, May 21, 2013
    jtannillo, May 21, 2013
    #2
  4. May 21, 2013 #3
    FLATBED

    FLATBED Road Train Member

    6,665
    5,501
    Sep 14, 2008
    Back behind the Wheel and out of the OFFICE
    0
    Usually this is the time Jerry Moyles shows up for a SWIFT deal
     
    FLATBED, May 21, 2013
    FLATBED, May 21, 2013
    #3
    jxu417 and dog-c Thank this.
  5. May 21, 2013 #4
    J_FROG

    J_FROG Road Train Member

    1,061
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    Sep 4, 2011
    49 states and Canada
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    America is further in debt than that. Ain't throwing in the towel on that yet either..lol
     
    J_FROG, May 21, 2013
    J_FROG, May 21, 2013
    #4
    camaro68 Thanks this.
  7. May 21, 2013 #5
    jtannillo

    jtannillo Medium Load Member

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    USA truck can't print money the US can
     
    jtannillo, May 21, 2013
    jtannillo, May 21, 2013
    #5
  8. May 21, 2013 #6
    J_FROG

    J_FROG Road Train Member

    1,061
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    Sep 4, 2011
    49 states and Canada
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    Printing money doesn't get anybody out of debt.
     
    J_FROG, May 21, 2013
    J_FROG, May 21, 2013
    #6
    MJ1657 and Green_20 Thank this.
  9. May 21, 2013 #7
    snowwy

    snowwy Road Train Member

    20,611
    13,326
    Jul 6, 2009
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    they have 312k in cash. 520mill in revenue. 179mill in profit.

    if the company were broke like you all assume they are. they wouldn't be trading for $6 per share on the nasdaq exchange.
    they would be trading for nothing on the penny stock exchange.
     
    snowwy, May 21, 2013
    snowwy, May 21, 2013
    #7
    Chinatown Thanks this.
  10. May 21, 2013 #8
    jtannillo

    jtannillo Medium Load Member

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    How do you get 179 mill in profit off of a 24 cent loss? Oh yes you mean 179 mil of "gross profit". Look up the definition of gross profit. Gross profit is just the amount of markup you had for your product. Doesn't count anything. Just means they didn't give any services away. For example.....you buy a computer for 500 bucks. You sell it for 700. Your gross profit is 200 bucks. But wait........you had shipping costs maybe labor costs. TAXES!!! OVERHEAD!!! The gross profit comes before all those financial considerations
     
    jtannillo, May 21, 2013
    jtannillo, May 21, 2013
    #8
  11. May 21, 2013 #9
    jtannillo

    jtannillo Medium Load Member

    395
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    Jul 21, 2012
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    Ive been watching USA truck for 5 years. That is the lowest cash stash they have ever reported since I have been watching.
     
    jtannillo, May 21, 2013
    jtannillo, May 21, 2013
    #9
  12. May 21, 2013 #10
    FLATBED

    FLATBED Road Train Member

    6,665
    5,501
    Sep 14, 2008
    Back behind the Wheel and out of the OFFICE
    0
    Regarless of what they may or may not have all it takes is for their major creditors to call the loans or demand payment in full on all outstanding accounts and they are BUST or heading to bankruptcy protection.
     
    FLATBED, May 21, 2013
    FLATBED, May 21, 2013
    #10
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