Celadon on the ropes...

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

  1. laaylor

    laaylor Medium Load Member

    488
    491
    Oct 16, 2007
    Creston, Wa
    0
    Jon( the owners son) who took over after the previous non family management tried to move way to much into the lease operations; was in banking before he took over the company when all that crap hit the fan. If anyone can figure us out of this mess: it’s him; and so far he’s been keeping the company moving in a good direction; in my opinion..
     
    driverdriver Thanks this.
  2. spyder7723

    spyder7723 Road Train Member

    11,593
    15,578
    Mar 31, 2013
    sarasota, fl
    0
    The first few weeks i was sweating buckets. That was every penny in my toy fund. But once things settled it did nothing but keep climbing. I even sold at 2.25 then bought right back later that well for 2.12. very very glad i did. Making 10k was great. Making 80k even more fantastic. I'm fairly certain its leavened of ands is going to stay near the 7.50 mark for quite a while. Now I'm watching for the next trucking company to buy in. I am by no means some stock market playboy, but i know trucking. It's all I've done for over 20 years. I've seen many companies go under, and seen many have a rough tumble and listened to everyone say they were going to go belly up soon only to watch them recover and bounce right back. Id like to think i learned something over those 20+ years and hoping to be able to spot the difference.
     
    driverdriver Thanks this.
  3. spyder7723

    spyder7723 Road Train Member

    11,593
    15,578
    Mar 31, 2013
    sarasota, fl
    0
    Isnt he the exec who said they was getting away from owner operators and refocusing on moving freight with company trucks? Paraphrasing here "owner operators under utilise equipment and drive empty miles on our trailers up to unacceptable levels".
     
  4. Antinomian

    Antinomian Medium Load Member

    443
    402
    Feb 17, 2013
    0
    You don't acquire assets by making loans to keep the company afloat. You do that by pushing them into bankruptcy then making a ten cent on the dollar offer to the trustee.

    What does "liquidate the subsidies" mean?
     
    spyder7723, laaylor and Bean Jr. Thank this.
  5. laaylor

    laaylor Medium Load Member

    488
    491
    Oct 16, 2007
    Creston, Wa
    0
    Yep
     
    spyder7723 Thanks this.
  6. Majestic 670

    Majestic 670 Medium Load Member

    504
    335
    May 10, 2016
    0
    They lied and GOT caught. MY My My how we doin
     
  7. spyder7723

    spyder7723 Road Train Member

    11,593
    15,578
    Mar 31, 2013
    sarasota, fl
    0
    As of this exact moment they are at 7.55$ the highest point since mid march. Id say they are doing just fine.
     
    Last edited: Nov 28, 2017
    Bean Jr. Thanks this.
  8. laaylor

    laaylor Medium Load Member

    488
    491
    Oct 16, 2007
    Creston, Wa
    0
    Why are you being such a pain? Were You a contractor failure? I’m doing really well.. staying put... good luck with whatever makes you happy... ugh
     
  9. spyder7723

    spyder7723 Road Train Member

    11,593
    15,578
    Mar 31, 2013
    sarasota, fl
    0
    This is probably accurate.

    Edit: yep. A quick search reveals another failed quality lease guy that willingly signed up for a high weekly truck payment and buck a mile freight.
     
    Last edited: Nov 28, 2017
    Bean Jr. Thanks this.
  10. Majestic 670

    Majestic 670 Medium Load Member

    504
    335
    May 10, 2016
    0
    I am a entrepreneur a successful college graduate MBA with a employee that drove for CGI and felt as though he was taken. After a investigation into the matter we decided his claim is valid. This will be my last post in this site. Thanks recruiter
     
  • Draft saved Draft deleted