Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
In addition to the agreement ....
which we have all been told will be forthcoming, there are other "expansion" plans which likely must be finalized at the same time.
I am pleased that there have been no further press releases put out in an attempt to prop up the price and feed the claims that this is a pump and dump. It is anything but that. This quiet period adds validity to this investment.
Jim Palmer Trucking has better things to do than participate in a sham deal. This is a 40+ year old trucking business doing $ 70M a year looking to work their way through a challenging time in the trucking business. I think we all will be richly rewarded for our patience.
Per the letter of intent...
the deal is ON unless YOU can prove otherwise
If it quacks like a duck.....
Research this ...
"o/o"
owner operator ....
another way to get the freight hauled without the company having to own and/or lease the equipment
and still generate revenues
More drivel....
but keep trying
For a little comparison....
of what AVWI "could" do...
Look at the run QMNM made this past week.
Comparable price a week ago...
Company on the brink of bankruptcy....
Many, many lawsuits....
Practically shut down....
Speculative news regarding a $ 100M contract for coal with a foreign company....
and she ran to 7.6 cents.....
Look at the facts regarding AVWI...
Comparable price...
40 year old company doing $ 72M in revenue ALREADY
1 Lawsuit over trailer leases
Post RM, expansion to over $ 100M is likely
and she will run to ......(?)
When it's time...
and there isn't a damned thing the bashers can do to stop it...
How frustrating it must be to spend so much time bashing a stock, when it has no real effect on the outcome, except to scare a few people trying to make a few bucks into selling.
What a sad existence that must be.....
Who was this written for ?
http://messageboardfools.com/bashers.htm
Still here....
Still long....
Patience......
Derbenski....
You obviously have an agenda and/or a vendetta when it comes to Peacock and Javelin...and their modus operendi.
Do you give any credit at all to Jim Palmer Trucking Company in terms of protecting their self interests. We all know and understand that the trucking industry is facing some huge challenges. We all know that many of these trucking companies are struggling to stay afloat. We all know that access to capital via the banking industry has all but dried up. It is not rocket science as to why Jim Palmer Trucking is now seeking to become a publicly traded entity.
Do you think that Jim Palmer Trucking is some "fly by night" little business with little more than a lick and a promise and a dream to hit the big time ?
While you may have legitimate concerns with Javelin et al....why don't you contact Jim Palmer Trucking itself and inform them of your due diligence ? Do you think that Palmer's legal team is totally inept and Peacock is about to take them to the cleaners or do you think that Palmer is complicit in all this ?
ps....your hubris undermines your credibility imo.
Well all I can say Derbenski...
is thank you for efforts to save us from ourselves.
I happen to believe that most folks here understand the risks inherent in penny stocks....any penny stock....and especially this penny stock.
I don't really understand, though, why anyone would be compelled to post so often, so many glass half-empty posts on a stock discussion board with no vested interest, without some sort of agenda.
Please explain .............
Great post....Learning...
Need more of that kind of industry insider insight around here...the trucking industry no doubt faces some serious challenges. Seems as though the old Darwinian concept of survival of the fittest is the name of the game, and hopefully JPT's effort to go public will enable them to do so.
A 40 year old company......
in one of the toughest industries out there......
in one of the most hostile economic climates since the depression.......
is on the verge of successfully navigating their way through the other side of all this....
is presently being valued as a defunct sign company....
I think it's a great opportunity for anyone with a little foresight to make some money short term, and depending upon the post merger financials and future business plan could be a great long term investment.
If you look at the financials of the top trucking outfits being traded publicly, you'll find few actually making a profit at the moment. EPS is negative for many. The valuation will be based upon the value of the assets ( short term) and the long term expansion plan.
Is it worth the risk......to some, no. To those that understand that lawsuits come and go.....to any enterprise doing the amount of business this outfit is doing. There are many reasons to not pay a lease, especially if you know you are going to have access to cheap capital in the near future. Do you really think a leasing company is going to foreclose upon those trucks ? What do you reckon they would do with them then ? Park them ? Sell them ? Lease them ? lol. Maybe the lease gets settled for 50 cents on the dollar with a buyout clause. There is absolutely no way you can assume everything that is being assumed here without more facts.
I have looked at over a dozen trucking outfits....and attempted to extrapolate the potential value of JPT based upon others' share count, gross revenues, profitability, # of vehicles, etc.... I happen to think that over the next year, post merger and a few quarters of reporting this stock "could" be worth as much as 60 - 76 cents a share.....but who the hell knows. The only thing I do know is that "if" the deal goes through it is damn sure worth more than .002 per share..."if" the deal goes through...and nobody has posted anything here to convince me otherwise regarding that. Is it risky...yes. Show me a penny stock....or hell, any stock in the market right now that is not. Show me any stock that has as high risk: reward potenttial as this one.
Well let's see.....frankly
I would be surprised if Palmer wasn't having a difficult time in this economy. How many trucking outfits have gone out of business ?? How many more will ??
Who will survive..? I assume it will be those that find some way to access the capital markets.....
Who will find a way to capitalize on a lousy economy ? I assume it will be those that find a way to access the capital markets.
Looks to me like Palmer Trucking ... (A 41 year old well established refrigerated trucking company,,,,with an impressive list of companies that they haul for)....has found a financial solution to perhaps make it in this hell-hole of an economy.
Surviving is one thing....capitalizing on the situation that other trucking outfits find themselves without access to capital is another.
I am betting they will. Looking for a nice pop at the merger..take my intial investment off the table...and let the rest ride as the future unfolds.
Exactly......... eom
That's not necessarily a problem.....
Lots of owners of businesses have assets that they own in their own name...backed by their own signature ( or balance sheet) ...which they lease to their other companies. I used to own a golf course..in an s-corp....and owned my cart fleet personally which I leased to the s-corp. The only problem with what you posted is the obvious lack of transparency on the profitability of the leasing company, but you got that same problem with JPT itself...at this point. There are obviously no guarantees here.....but I sure like the odds when a reefer business doing $ 76 M a year in revenues is being valued as a defunct digital sign company.
Would you rather that the rigs were leased from some 3rd party? I wouldn't. Frankly I wouldn't care if JPT paid off Palmer handsomely and took possession of those rigs via shares of stock.
Going public now is to take advantage of the market situation.
As Wallace said, a lot of the smaller, weaker haulers are not going to make it through this downturn. If you have cash (or equivalents) you have the means to expand your overall business plan. Try getting the kind of capital they likely need to expand in the trucking business ( or any business right now)...from a bank. The big ones are either damn near out of the lending business now, or their terms are anything but workable. JPT is poised to take serious advantage of the dire financial straights of other, smaller trucking outfits and experience some serious growth over the next several years.
BTW...funds finally cleared....picked up 1.5M more.
It wouldn't be....legal
At this point you gotta separate the wheat from the chafe around here. Lots of incentive for some to plant seeds of doubt.
Frankly, I hope the negative posts here...
drive the price down substantially next week.
Been a while since I played with the penny stocks, scrambled around last week to overnight additional funds via a cashiers check to my account.....and completely forgot about the friggin 6 day holding period before I can purchase more AVWI.
So...keep talkin' her down guys....till next Wednesday AM.
I don't remember ever seeing any company pre-announce a RS such as this. Obviously it means that it is a done deal ....which was our primary risk here...so that is good. Also, the way it is worded it is more or less telling the shareholders a couple of important things.... " up to 2000:1" does not mean 2000:1. To me it means that this company has a very definite game plan in mind as to where they want this share price to ultimately be once the merger is completed, once they have told us what their earnings are ( or expected to be), and once they have informed us as to their plan for the future. I think it is fairly apparent that they plan to move on to another exchange fairly soon, where institutional investors can get involved. They ( JPT) knows what their earning are...and what they expect them to be. THey have given themselves a 9 month window ..... 3 quarters of full reporting....to execute the proscribed RS that meets their future plans. In my opinion stating up to 2000:1 will shake a lot of people out of this fairly quickly....and serve as a deterrent for short term momentum players and flippers to get in. As a long term growth play...I like it.
Sooner or later there will likely be a RS. I think it will be post-RM and after the market has had time to value the new company based upon whatever earnings information and forward looking information that is released. I would view any RS as more or less a technical adjustment to get the outstanding shares and authorized shares in line with their longer term growth and acquisition strategy. This will no doubt be a nice little momentum play in the near term. It's for the longer term that I have bothered to acquire a couple million shares as a long term investment....which hopefully will include a different exchange. I certainly wouldn't look at it as a way to screw the existing shareholders.
This may not be the best
of times to buy into a trucking company.....but it seems like a good time for a privately held, profitable trucking company to go public. Given that there is a tremendous shakeout occurring in the shipping industry, and many regional carriers ready to sell out.....all it takes is capital for a company like JPT to expand. With bank lending contracting as it is, going public is a logical and hopefully profitable way to capitalize on the situation.
Obviously sub-pennies are not without substantial risk....but JPT obviously knows the trucking business....and apparently has a plan for expansion. The only unknowns are how many new shares it will take to close this deal....and what the subsequent EPS is projected to be....
The current sub-penny level is almost too good to be true at this point in time, all things considered. This could easily be worth 10 to 20 times the current price in the next 4 to 6 months....and a good, solid long term investment for those so inclined, once they have a few quarters under their belt as a public company with a rock solid expansion plan.
Just got in yesterday and
today. Million plus shares. Any idea what the earnings might be for a trucking company doing 76 million a year in revenues.
Just checked the PE for JB Hunt and it's 23.
Do the math..........