2nd quarter earnings to be released after market closes July 24th

I have to say on the surface I am impressed with the earnings results. After all it is the best quarter they have had since the last time they showed a profit back in 2010 I believe. I am talking about one single quarter. There was still a loss for the year. Ok so they only lost .10c per share compared to .34c per share yoy. Good job USA lets see if the losses continue to narrow. Its not in the free and clear though. Its not a slam dunk improvement. Some will talk about how they still missed the analyst estimate but I never care about the analyst. Some basic fundamentals. The debt has still increased from 57.5% of the balance sheet last quarter to 57.6%. Not much of a gain there. It also seems the results include one time additions such as the recovery of fuel credits which some companies were owed millions. The SEC doesn't require that a public company give results without the assumption of one time charges or additions. Just that they state there were some one time items. Overall though not a bad report. It would be great if the results were solid without any one time charges.

 

What changed has the new guy made? Maybe he just stepped in as things were about to change.

 

USAK can say losing a million compared to losing more the same quarter last year is positive. They can say that losing a million compared to more than that the first quarter this year is positive. Relatively speaking; Celadon, Knight, Heartland and even Convenant all made profits the 2nd quarter 2013. You can polish a turd and it's still a turd. You can put lipstick on a pig and it's still a pig.

 

You obviously know nothing about business. The only way for a company this large, with this much business to make a profit from having as much loss as they had and for how long they have had it, is to make drastic cuts. Where should they start???? Should they cut drivers? Cut driver pay? Stop buying new trucks AND stop fixing old ones?

When a ship is going down, the first thing you do is plug the leak. Then you can bail the water. I think this slow progression out of the red is a very positive sign. And obviously the banks are happy because our borrowing power has went up big from last year as well.

 

Does that theory apply to going from big profit to big loss? Does that require slow progression as well?

 

No, any idiot can come in and fire a canon right threw the hull.

 

We can all see that USA truck isn't going anywhere anytime soon. Cliff was jacking up the flow of cash through the balance sheet. There have been some improvements so maybe they will continue. The worst that will happen is they combine with another mega carrier.