Celadon on the ropes...

Discussion in 'Celadon' started by double yellow, May 3, 2017.

  1. double yellow

    double yellow Road Train Member

    5,847
    9,210
    Aug 28, 2011
    Occupied State of Jefferson
    0
    Beware guys, Celadon has 1 foot in the grave and could go out of business at any time.

    Screenshot_2017-05-03-18-55-26-1.jpg


    Some management changes and emergency financing have been announced, but at this point a stiff breeze will push them over the edge...
     
  2. Midnightrider909

    Midnightrider909 Road Train Member

    1,108
    5,443
    Oct 26, 2016
    0
    If I were driving for them I'd be applying elsewhere.
     
    AtticusRoad and Highway_Executive Thank this.
  3. Highway_Executive

    Highway_Executive Light Load Member

    203
    185
    Nov 4, 2016
    Chicago
    0
    Currently leased on their now, read that article this morning as well. Let's see major shortage of trailers now since they sold a lot of them ( I assume to raise capital), major service failures on big name customers threatening to leave, there's a new multi million dollar terminal that was just built from the ground up in Laredo, o lets not forgot the new terminal in Indy that's coming soon and all the suit and tie guys making 6 figs working there that do nothing but have fancy titles...they seem to be spending money like congress.
     
  4. double yellow

    double yellow Road Train Member

    5,847
    9,210
    Aug 28, 2011
    Occupied State of Jefferson
    0
    Just in time for NAFTA renegotiations!
     
  5. Chinatown

    Chinatown Road Train Member

    28,814
    33,240
    Aug 28, 2011
    Henderson, NV & Orient
    0
    The downfall must have started when the father became ill and the son took over.

    Company drivers that are owed money will be on the CB radio now, "Any owner-operators need some good tires cheap? I'll let you have them cheap if you pay to swap them out."
     
    Last edited: May 3, 2017
  6. Gunner75

    Gunner75 Road Train Member

    4,791
    6,760
    Mar 17, 2014
    Jackson Center Ohio
    0
    Their rediculous practices have been going on for years. Why else would they be taking 25% of the billed fsc from owner ops and lease purchase drivers? Makes sense now. Constant weekly issues with payroll being short, and then taking weeks for them to get it to you. With recent issues, it sounds as if they were doing a short of in house ponze scheme
     
  7. Jazz1

    Jazz1 Heavy Load Member

    961
    1,450
    May 7, 2012
    Thunder Bay On
    0
    Celadon is currently beyond my risk threshold as the BIG BOYS are controlling the share price now. They have shorted the living bejeezies out of the stock. Todays rise could be a dead cat bounce before stock drops sharply again
    8 analysts still rating the stock a BUY but that may be outdated

    Try Globe Unlimited- 99¢/week for the first 4 weeks
    And get unlimited access on all your devices
    See my options!

    Celadon Group Inc
    NYSE: CGI Last
    (U.S.) $1.63
    Today's change+0.08 +4.84%
    Updated May 4 12:19 PM EDT. Delayed by at least 15 minutes.
    New York Stock Exchange: CGI Last Today's change P/E Market cap 52-week range
    Celadon Group Inc
    (U.S.) $1.63

    +0.08 +4.84%
    19.113
    45.99M

    [​IMG]
    Updated May 4 12:19 PM EDT. Delayed by at least 15 minutes.
    Five Day Performance
    May 4 12:19 PM EDT.
    • 5 days
    [​IMG]
    Celadon Group Inc is up sharply today, rallying (U.S.)$0.08 or 4.84% to (U.S.)$1.63. Over the last five days, shares have lost 59.88% and are down 77.27% for the last year to date. This security has underperformed the S&P 500 by 99.62% during the last year.

    KEY COMPANY METRICS
    • Open(U.S.) $1.60
    • Previous close(U.S.) $1.55
    • High(U.S.) $1.75
    • Low(U.S.) $1.45
    • Bid / Ask(U.S.) $1.60 / (U.S.) $1.65
    • YTD % change-77.27%
    • Volume1,965,297
    • Average volume (10-day)3,065,754
    • Average volume (1-month)1,521,203
    • Average volume (3-month)790,823
    • 52-week range(U.S.) $1.30 to (U.S.) $12.03
    • Beta1.82
    • Trailing P/E19.11×
    • P/E 1 year forwardNegative, not meaningful
    • Forward PEGNegative, not meaningful
    • Indicated annual dividend(U.S.) $0.08
    • Dividend yield4.92%
    • Trailing EPS(U.S.) $0.09
    Updated May 4 12:19 PM EDT. Delayed by at least 15 minutes.
    ABOUT
    Celadon Group, Inc. (Celadon) is a truckload freight transportation provider. The Company's segments are asset-based, asset-light, and equipment leasing and services. Its
    Continue reading[​IMG]
    FULL-TIME EMPLOYEES
    5,979
    INCORPORATED
    July 24, 1986
    OFFICERS

    • Paul WillChairman of the Board, Chief Executive Officer
      Jonathan RussellPresident, Chief Operating Officer
      Bobby PeavlerChief Financial Officer, Executive Vice President, Treasurer
      Douglas SchmidtPresident of Celadon Trucking
      Leslie TarbleExecutive Vice President, Chief Financial Officer, and Treasurer - Quality Companies, LLC division
      Kenneth CoreVice President, Secretary
      Michael MillerLead Independent Director
      Kenneth BuckDirector
      Stephen RussellDirector
      Catherine LanghamIndependent Director
      Robert LongIndependent Director
      Kathryn WoutersFinance Manager
    HEADQUARTERS


    9503 E 33rd St
    Indianapolis, IN
    United States
    Phone: +1 317 972-7000
    Fax: +1 317 890-9414
    https://www.celadontrucking.com

    EARNINGS
    [​IMG]
    Net income declined year over year last quarter from a gain of (U.S.) $0.24 per share to a loss of (U.S.)$0.06.

    Events Calendar[​IMG]
    AVERAGE RATING

    Of the six analysts surveyed by Reuters Estimates that cover Celadon Group Inc, the consensus rating is a buy.

    Opinions & Forecasts[​IMG]
    PROFIT
    Net Profit (TTM)
    +0.24%
    Based on its net profit margin of 0.24%, Celadon Group Inc is less effective than other companies in its industry at turning revenues into bottom line profit.
    Company Books[​IMG]


    S&P TSX 1.10% Sector: Industrials Industry: Rails & Roads - Freights

    Latest Company News
     
  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

    6,639
    13,458
    May 4, 2015
    0
    You go in the cage.

    Cage goes in the water.

    Sharks in the water.

    Our shark...........
     
  9. JohnOTR

    JohnOTR Bobtail Member

    38
    13
    Mar 11, 2011
    Springfield, Ma
    0
    I will have to agree with everything that was said so far, if you work for celadon my honest advice is for you to start making some phone calls and quit. You will be out of a job very soon, this company has debt up to their eyes, wall street and investors are calling celadon enron of trucking. Think about that would you like to work for a company that is being compared to enron ?

    Yesterday celadon had a conference call which was a joke, usually in events like this public companies always let you ask question however in this case the call lasted only 15 minutes and no questions. On May 15th or so they are supposed to report their earnings which they already kind of said it will be a loss of 10 million. Bank of america just blessed them with a 250 million loan and wells fargo with another 200 this is just so they can stay alive and keep the lights on.

    Also there is something like 16 law firms who have just filed lawsuit against celadon for fraud, even lets say celadon can turn this ship around that will take years. The only life line I can think of for them is if USA trucking or Werner buys them out, and I would imagine they would only pay 3 bucks a share because celadon isn't worth anymore then that.
     
  10. powerstroke67

    powerstroke67 Light Load Member

    57
    54
    Feb 13, 2017
    Cincinnati, Ohio
    0
    @JohnOTR I was thinking Knight-Swift might buy them out but I like your analogy of "USA Truck, Werner" better..
     
    AtticusRoad Thanks this.
  • Draft saved Draft deleted