Btw it sure looks like a lot of people are dumping right now with the volume the last 2 days.
Surprised
Discussion in 'USA Truck' started by jtannillo, Sep 26, 2013.
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http://finance.yahoo.com/news/knight-transportation-files-presentation-regarding-130000658.html
Why would having tractors with an average age of 2.5 years be anything but a good thing? That means they only have around 300,000 miles on them and aren't even broken in yet.
On contrast the Volvos that knight buys are throw away trucks that if they make it to 300k is a treat.Weeman7898 Thanks this. -
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In other news USA only reported 8 thousand in cash according to yahoo. I don't really know how that all works and how it is determined but man that is a super low number.
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Nights final attempt? http://m.benzinga.com/article/4047417
Last edited: Nov 5, 2013
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All I can say is those invested might want to get out around 14 dollars a share. When Knight exits its position shares will drop below 10 dollars a share quickly. After that its all on USA to turn a profit of watch its share price decline even further.
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I expect it to see 15 by end of first quarter. Yes night will eventually pull its offer and stock will go down. But I still see nothing but positive movement in the near future.
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http://finance.yahoo.com/news/usa-truck-continues-fleet-reinvestment-140000817.html
Well, someone must have read that and figured they would respond. Found that $8 thousand and bought some new trucks. I've seen the new prostars with the electric comfort systems. They look pretty nice. And cummins engines also.. The 500K is when they turn the trucks back in to be sold. Most of the trucks they lease carry 400k warranties for major components.Last edited: Nov 6, 2013
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