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Friday, June 06, 2008 10:40:45 PM
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.
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