Surprised

Discussion in 'USA Truck' started by jtannillo, Sep 26, 2013.

  1. jtannillo

    jtannillo Medium Load Member

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    Btw it sure looks like a lot of people are dumping right now with the volume the last 2 days.
     
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  3. J_FROG

    J_FROG Road Train Member

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    Weeman7898 Thanks this.
  4. jtannillo

    jtannillo Medium Load Member

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    Every truck are throw away trucks. Thats why breakdown is instructed to only do what needs to be done to make it legal and get it to 500k or so miles.
     
  5. jtannillo

    jtannillo Medium Load Member

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    In other news USA only reported 8 thousand in cash according to yahoo. I don't really know how that all works and how it is determined but man that is a super low number.
     
  6. DGStrong71

    DGStrong71 Road Train Member

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    Last edited: Nov 5, 2013
  7. jtannillo

    jtannillo Medium Load Member

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    All I can say is those invested might want to get out around 14 dollars a share. When Knight exits its position shares will drop below 10 dollars a share quickly. After that its all on USA to turn a profit of watch its share price decline even further.
     
  8. J_FROG

    J_FROG Road Train Member

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    I expect it to see 15 by end of first quarter. Yes night will eventually pull its offer and stock will go down. But I still see nothing but positive movement in the near future.
     
  9. J_FROG

    J_FROG Road Train Member

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    Haven't seen that post anywhere, mind laying down the link to it?
     
  10. jtannillo

    jtannillo Medium Load Member

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    You should know JFROG. 15 bucks a share huh? If thats what you think. Read the shareholders rights and you will see that Knights position is the biggest reason for this uptick.
     
  11. J_FROG

    J_FROG Road Train Member

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    http://finance.yahoo.com/news/usa-truck-continues-fleet-reinvestment-140000817.html


    Well, someone must have read that and figured they would respond. Found that $8 thousand and bought some new trucks. I've seen the new prostars with the electric comfort systems. They look pretty nice. And cummins engines also.. The 500K is when they turn the trucks back in to be sold. Most of the trucks they lease carry 400k warranties for major components.
     
    Last edited: Nov 6, 2013
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