As far as the stock goes, USAK looks well. However, a mathematical ultimatum is approaching (in the chart) and probably much sooner than a couple weeks...... perhaps one week or less. I would go into more detail but that would be testing the scope of this medium. The chart offered on my page indicates potential thresholds.
You would know the industry well more than I. But private institutional investors present with widespread insider buying lends a strong curiousity is present for USA. For the while I will side with USA improving in some notable fashion or another.
Annual report
Discussion in 'USA Truck' started by jtannillo, Mar 24, 2013.
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Where can they improve ezmed? Didnt you read the annual report or the latest operational numbers? Investments have been 0. Which means they have no money to improve or invest.
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When i discuss the stock, I do so in a technical approach - mathematics. If you ever watch Bloomberg or CNBC you will see chartists or technical analysts discuss charts of specific stocks, indices, etc. That is what I do on my page. In this regard, USAK looks promising.
Having been educated in business, economics, accounting and finance that insight affords the financial condition of USA is improving (in general). I do not understand industry specific ratios or other insights promoting an indepth analysis of USAK reporting but I can say there are obvious improvements in utility of assets and conspicuous terms of typical business. The bleeding is slowing. Beyond that I can only specualate because I am largely industry ignorant.
What I can confidently add is insiders are buying and institutional interest is present. These are large pluses to have in any investment vehicle. Without them I would encourage alarm. This is big money wagering on the success of USA. And big money does not wager unless there is reason to belly up to the bar. Make no mistake - I am not endorsing anything USA except i hope they do well as I am an employee.
From reading around this forum i can say investment is being made - leasehold improvements, new equipment, increase in E-logs, growing the driver pool, etc. The financial report we mention is over three months old.
What I am saying is my formal and informal awareness suggests a turn for USA is being mustered. At the same time I am also saying I have no idea if it is enough to make a difference after the dust settles. Turns are lengthy and materialize in pieces. Again, if I had to place a bet, I'd side with big money and the chart. The ground is rumbling. -
I have been watching stock markets for over 15 years myself and worked for USA for 3 years. Trucking is a toilet paper industry. The book has been written on how to manage a trucking outfit financially. No debt and only spend cash you make from youroperation if you want to survive. You have some options as you do with toilet paper but it all comes down to cost per roll/haul. I know that you have a very technical approach and if that works for you its just fine. USA fails at the financial side of the business and they have had to finance and refinance their balance sheet. Its like a house that never gets paid for because the owner refinanced 10 times. USA truck will never pay the mortgage that they have on the company and when it needs to be refinanced it might not be possible to do so this time. You are bullish on this because insiders are and a few institutions are making wild although rather inexpensive bets. Do this........take the largest bet being made by an institution or insider and chop it down to an across the board number that would be the same type of risk in your terms and tell me how much you think it would be. Now for the middle of your post. Driver pool has actually shrunk yoy per the annual report, elogs are a result of gov't regulations that will most likely take effect. And a trucking company doesn't turn around in 3 months it takes years of making the right decisions. USA has been making the wrong decisions for over 5 years. But who knows maybe Im wrong. They don't really invest in new equiptment. They buy new equipment to minimize the losses that often accompany older equiptment. Thier equiptment inventory actually has and continues to decrease. Its all in the numbers.
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"They don't really invest in new equiptment. They buy new equipment to minimize the losses that often accompany older equiptment."
Nail on the head -
And that is part of the point. Money is being spent and not allowing the business to lay down.
Driver pool expansion? Yes. A trivial decrease during a seasonal lull with increased tractor mileage does not suggest decline in any way. Thanksgiving and Christmas slow hiring in any business except retail. I read in a report independent of the 10Q where average tractor age is decreasing and drop/hook rates are increasing. The Q itself hints of these improving marks three months ago. The March 10Q is being assembled now. Does USA advancement continue? Stay tuned. I stated a change takes a long while to complete.
If I appeared as disgruntled as some do with USA I would consider abandoning ship. The problem is my survey here suggests every company has their collection of naysayers. It seems it is a norm for the landscape. Negative noise travels faster and farther than positive noise. It is probably the same in all environments. I figure most of reality lay between the two extremes.
I expressed an opinion and technique that has worked for me. My page demonstrates success every day. I am not trying to sell anyone anything. However, an obvious attempt is present in USA to improve financial conditions with new widespread insider belief and institutional involvement in the tens of millions of dollars are seen. These opinions do not agree with yours. But again, if I had to wager, and I have not, I would side with those having wagered for the change seemingly underway.Last edited: Mar 29, 2013
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