Celadon Group Inc (CGIP)

[fredugsi]

Any news??

[fredugsi]

Just unbelievable if stock gets any lower. Major shake up at the top is what's needed.

[cjmeyer]

This will see the 3s and possibly $2s.The head in the sand approach isn't working.Time to open the books up!

[fredugsi]

Washout today. For those who have large ones, now is the time to step in! Right at $4!!

[fredugsi]

They won't respond because they can't. They're in the quiet period. I'm sure that short research firm knew that when they wrote the report. Also, there is no doubt leaks came out before the report. That's why the trading was so wacky!

[cjmeyer]

Company needs to address this ASAP

[fredugsi]

Presciencepoint.com is short report on CGI. Never heard of them. Check it out!

[fredugsi]

Major 35 page short report out today showing zero value. I don't have access to report.

[cjmeyer]

Trades very strangely.Buyout would be nice but I don't think now is the time.Overcapacity at most of the big carriers would probably lead to a fire sale.Lack of insider buying at these prices is a little disappointing.I have been trading it up and down for the past year.Plenty of movement if you have a supply of Dramamine to use.Good Luck to you Fred.Onward and Upward

[fredugsi]

I know truckload industry overall has been very weak in March, but CGI has been hurt much more. The stock has been acting like it's almost going out of business. I thought the accounting issues were behind it. Maybe not. Someone just needs to acquire them and put them out of their misery.

[cjmeyer]

2 to 1 sells vs buys today coming up into X date tomorrow for .02 divie.Strange stock.Seems to be highly manipulated

[fredugsi]

$6.55 looks like a gift, but no one buying. Anyone have anything on why? Obviously, trucking stocks in general have been weak, but nothing like CGI! Would love to see management/board do some insider buying. Why wouldn't they??

[fredugsi]

Stock not acting well. Mgmt at conference in Miami and we should get update this week. Anyone know why this stock looks like death?

[fredugsi]

Agree with Alyssa! Tremendous leverage. Could be $20++ in 12-18 mo. They're ramping up with new hires. My only worry is someone takes them out at $12 or some ridiculous price...very little insider ownership.

[Alyssa]

Things are looking up, up, up! New price target of $15.00. Tiny float here, 27.4 million with about 25% short.

Fun to come I think!

[cjmeyer]

Looks like insiders knew this quarter was lousy.Somebody has been tanking it for weeks

[cjmeyer]

SeekingAlpha article by an admitted short was quite the hatchet piece.According to him CGI should be closing the doors any day.Hilarious!

[0dd Lot]

Management's opaque accounting has drawn criticism from the shorts: http://seekingalpha.com/article/4011499-celadon-group-sec-inquiries-accounting-issues-liquidity-constraints-point-65-percent-near

Additionally, Covenant Transportation Group released lower than expected guidance which sent all trucking stocks tumbling.


Taking Celadon's numbers at face value, I had previously come up with a $12-18 fair value range, but I haven't had the time to investigate the supposed accounting irregularities.

I have looked into the CSA scores issue, and it is not anything to be worried about yet. They just crossed the thresholds, but there are carriers who have been above those thresholds almost continuously since 2010. As long as they don't completely blow off the fmcsa, their chances of getting an "unsatisfactory" rating are almost zero.

[cjmeyer]

Flash crash this morning.Time to load the bus or watch and see?