Schneider officially public

Any news of a dividend or are they keeping it all?

 

The IPO raised 550 million. 150 million short of the state goal of 700 million.

I'd take a 550 million dollar payday.

 

And it starts sinking already. Lol

 

IPOs always do that, though. If this were a tech company it would have shot up to ridiculous numbers then dropped. Expect Schneider start low to be a slow and stable rise. It's a stock to hold for 30 years and hope they start paying a dividend. Only people getting rich off of this are AL's kids.

 

You don't buy transports for dividends. All you can do with most is trade them with the cycles. Sometimes (like with Conway) someone comes in and buys them out for a premium. But in general, I don't believe most transport companies are a buy and hold (ups and FedEx excluded). Of course landstar proves me wrong too.

 

Someone posted on a Facebook group page a video on CNBC with Lofgren this morning and Lofgren explicitly stated they plan on doing more mergers and Acquisitions in the near future

 

Yeah, I listened to Lofgren on CNBC on XM this morning. Bet he's staying in a nice hotel in Manhattan.

Does not appear that it is paying a dividend, so I'll have to pass.