Double Yellow's Company Driver to Independent Thread

DY still pops in here sometimes.

 

Keep in mind a few things. First and foremost money was not the reason he got out of trucking. Secondly he was operating when rates were at a very low point. If he was rinning today he would be making double what he made then. Thirdly he was running dry van...historically the lowest paid and highest level of competition you can find in trucking.

 

Also keep in mind that he started when rates seemed high and then they fell immediately. No one knows what the future holds so wise men know cash is king. Do not over extend yourself to become an O/O. It's something that is worth doing right, but not something worth doing wrong.

 

Fixed!

 

Use of capital and time. I assumed it was strictly a business decision.

 

Hindsight is always 20 20. Just like a couple weeks ago when you were talking about celadon being a good opportunity and i said i wasnt willing to take the risk this time. Sure did blow that one didn't i?

 

What happened when you were playing that horse several months back?

 

I bought about 17.5k shares last spring for something like 1.55 a share and sold last fall for over 7 bucks. There was also several auto buy and sales during that run. That deal actually netted more income than the truck did, and took a grand total of under 5 hours of time through out the year. It also netted a huge capital gains tax bill. Even with the ridiculously stupid high tax bill it was a big win for us. The biggest problem with it was fighting the urge to take the money and gamble on something else, Had to keep reminding myself that being right once does not make me a stock market expert.

 

Well done. Now imagine how them that do it for a living laugh at how hard we work for a buck