Celadon on the ropes...

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.

 

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..

 

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

 

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..

 

Glad to see your still poking along.

 

Hey! Driver!

 

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

 

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.

 

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!

 

It's the sign of a basically healthy company culture that they recognized the bad and do something about it.