Roadrunner Transportation Systems Inc. (RRTS)

[MAK5]

It's been 14 trading sessions since RRTS held their press conference to discuss the earnings restatement and the underlying managerial issues that caused it. Post meeting, RRTS has likely been meeting with institutional investors and analysts, selling their recovery plans. How's it going? The stock has closed lower on 11 of those 14 sessions; today's progress isn't looking much better. Over 4.5 million shares have traded during this time - more than triple the normal volume and over 10% of the shareholder base. Management is losing the PR battle and now the stock is trading below book value. For stockholders like me, it is so disappointing. I had high hopes for their ability to build investor confidence and weather their way through this. We face tough questions: Is current management up to the challenge? Will employee and partner morale be strong through the storm? Any above all, will the economy NOT throw additional challenges in their way?