Celadon on the ropes...

And how long do lawsuits take? And are lawyers able to make settlements, and do judges throw out lawsuits? And, are articles written actually reflecting the true state of the company or partially speculative? Geez; can we keep going? This crap happens ALL the time in a capitalist society..

 

Oh; and by the way; Happy Fathers Day to all you father drivers out here with me who happen to read this..

 

No, SEC lawsuits do not happen all the time, and I'm not talking about Celadon losing that lawsuit. Celadon will be long dead and buried if that ever were to go trial. I'm talking about how much cash flow will be diverted from operations and instead going to defense attorneys.

One more time, Celadon is being accused by SEC and investors of purposely cooking the books. It may not have been the same way that Arrow did, but unless they are quickly vindicated, they will hemorrhage operating cash flow, and the fuel cards will be cut off. If you are not high enough in management, you may find the doors locked when you show up to work.

 

You have your opinion; I have mine.. they have 6 months to correct their financials within the sec guidelines... don't you read...?? Or do you just retain the information you want to see?

 

Yes. 6 months is the same as 2 quarters that one of the stock analysis I read gave it until it goes under.

 

Well, I guess I will be driving for someone else if what you "know" comes true, then.. we will see..talk to you in 6 months..

 

Reminds me of GM. Cashflow rich, but payables outweighed the cashflow by a wide margin. Good thing for them is that WE got the privilege of bailing them out. I remember about 5 years before their crash arguing with some dude on an automotive forum that no matter how much revenue you have, how much in physical and financial assets you have, if your liabilities outweigh, you are eventually coming down (TWA, Braniff, etc....). Told this guy that if GM continued down it's current path of producing junk, running up bills, capitulating to the union, spending like a drunken sailor (no offense to drunken sailors), then screwing loyal GM customers, they would be next. He didn't believe me.

 

I do not see a bright future for Celadoink