Losses

Discussion in 'USA Truck' started by jtannillo, Jan 31, 2013.

  1. jtannillo

    jtannillo Medium Load Member

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    Jul 21, 2012
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    Its also clear though that the recent significant rise in the shares is due to that consulting firm acquiring a significant stake. That kind of stake will cause the price to go up. They took this stake because it is a protocol way of acquiring interest in the performance of a company you are now directly involved in making decisions with. When I went on the road with USA back in 2009 their debt load I believe was around 80 or 90 mil. They are now at 140 million although the current numbers have not been furnished yet. The debt is going up. Other trucking companies have been improving the core numbers while USA has gotten worse. Revs are down debt is up and liabilities are increasing. All the metrics that Cliff tries to say are indication of an improving financial outlook are just an attempt to divert investors eyes away from the true picture. He is an artist at that though I will give him that. Lets say USA truck has a huge accident costing millions upon millions. At that point the truth in numbers and solvency will come through.
     
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  3. Klatu

    Klatu Road Train Member

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    Nov 26, 2010
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    Yea, but Bonehead Beckham isn't going to let any body get 51% of the shares. He would lose control. Unless there is an agreement somewhere, Van Buren won't budge on anything.
     
  4. ezmed

    ezmed Medium Load Member

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    Oct 22, 2012
    Louisville, KY
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    USAK share prices have been going up since November along with transportation indices.

    Grace and Smith are newcomers in the last few days/weeks...... which probably lends to a thought of value present at relative share prices.

    If I get a chance I'll try looking into a few elements of recent news.
     
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