Celadon on the ropes...

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

  1. mjd4277

    mjd4277 Road Train Member

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    We bought Celadon’s old terminal on Shearer Drive in Carlisle, Pennsylvania. Just came online last week. So it’s no secret they’re selling assets left and right to bring in cash.
     
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  3. laaylor

    laaylor Road Train Member

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    Not necessarily: we are reorganizing... shedding to go back to just being a trucking company.. no more quality.. and that was a quality terminal... good move in my eyes..
     
  4. mjd4277

    mjd4277 Road Train Member

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    That typically means a company OVEREXPANDED and has to divest itself of assets. Reminds me of Braniff and Pan Am.
     
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  5. laaylor

    laaylor Road Train Member

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    Yep! I agree.. there were really bad decisions made, then, they tried to cover it up.. Now, new management are really working hard to reorganize us..
     
    Bean Jr. Thanks this.
  6. driverdriver

    driverdriver Road Train Member

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    Glad to see your still poking along.
     
  7. laaylor

    laaylor Road Train Member

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    Hey! Driver! :)
     
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  8. spyder7723

    spyder7723 Road Train Member

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    They are selling assets that were costing them money. Not quite the same as selling off assets to bring in fast cash.
     
  9. spyder7723

    spyder7723 Road Train Member

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    That financial guy they hired back in may or June really saved the day for cgi. People laughed at me for buying your stock when it hit 1.56. Said i was throwing my money away. Guess who is laughing now with it up over 7 bucks a share.
     
    Last edited: Nov 7, 2017
    driverdriver, Bean Jr. and Waterboy334 Thank this.
  10. laaylor

    laaylor Road Train Member

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    Woohoo! I’m feeling ok about it; yes, it will be a few years to cover the losses, but, I hope we will make it!
     
    driverdriver Thanks this.
  11. Bean Jr.

    Bean Jr. Road Train Member

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    It's the sign of a basically healthy company culture that they recognized the bad and do something about it.
     
    dancecanyon, laaylor and spyder7723 Thank this.
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