Swift stock is crashing, blames it on them losing drivers and driver shortage

Price /= value

And having a 20% stock price decline is an every day occurrence. Here's a list of stocks that had a 20% price drop on Friday:

BONE
VCRA
ABTL
BOTA
WWWW
VBIV
SREV
IMMR
PXLW



While Swift's price declined 20% from its peak, it is still trading at a 20% premium to its 52 week low -- that is certainly not a "crash." Calling it a crash is the fiscal equivalent of yelling fire in a movie theater -- the brainless panic and sell at a price lower than intrinsic value while a knowledgeable few are on the opposite side of those transactions -- people like SWIFT director William Riley who quietly added another $85,000 stake while the masses were scrambling for the exit.

 

I thought Swift was self insured? I think it's simply the crap wages why Swift has such a driver shortage. They deserved it, no self respecting experienced driver will work for 29 cpm or whatever lowball figure they pay.

 

Yes new century went down cause the creditors backed out but they did that because a vote to bring union in was tied. That scared the financial backers. You can chalk new century's demise up to unions.

 

Some years ago Swift was taking the prize as one of the slowest-governed companies on the highway. While fuel would obviously play a role, I heard it was mainly their insurance giving them a break for going slow that caused their slowness. And if that were true, could they have been self-insured then? I doubt it. Then again, companies that big do tend to self-insure, so I have no idea, frankly.

 

You could be right.I think its funny and like you,serves em right.

 

Actually, SWFT is probably down because of computers auto-trading the stock. It'll be a while before we get a look at the short interest; likely there was a bunch of shorting (computer trades) as soon as it started to fall and accelerated the fall. The only recommendation I've seen so far is a buy recommendation. And I think, at this point, I agree with that.

Consider that short sellers are speculators who have to buy the stock (they 'sell' a stock they don't own to go 'short') to cover their position, which pushes the price back up.

 

Part of the problem is the new HOS requirements. Just as predicted by trucking company owners it now takes more drivers and trucks to move the same amount of freight.

 

Swift, JB Hunt, Schneider back then drove the same type equipment with the same specs. 55 mph and it was to save on fuel costs. It worked at that time and all 3 became the largest companies in America with 100's of millions in cash reserves.

 

The new HOS is not a problem. It's a reality that drivers are not a commodity to be used up. Has to change. Has to--requires the public become aware of how tired, overworked, unhealthy and in many cases, the inexperience of the truckers next to them at 65 mph or faster, or tailgating... with your children in the car.

Every SEC filing cites HOS and driver shortage. That's hooey.

Don't get me started!!

Would you let a dentist drill on your teeth if as tired as the typical trucker at the end of the day/week????? I ask you!! Would you want he/she take a 30 minute break?? Do you want that dentist working on your teeth in his/her 11th hour drilling today???

Keep in mind, dental work usually isn't life threatening.

Sheesh!!

 

First line of the 8-K:

This 'letter' is 28 pages long, Exhibit 99 to the 8-K. Find it here: http://investor.swifttrans.com/site.../file/Q214_Letter_to_Stockholders_-_Final.pdf

There is also a transcript of a July 25 conference call: http://investor.swifttrans.com/site.../Swift_-_Q2_2014_Earnings_Call_Transcript.pdf