Look at old pr from last spring 1st qtr. They claimed they made $160,000 and then last Nov 11th they claimed yr over yr profit. And that they were working on financials. But last pr is about debts. How much debt do they have? All inventory in the world is not equity if more is owed than its worth. I made a good chunk on the run the other day. But this co does not pass the smell test for me. GLTA
How do you know that even half of all that equipment works? Diesel engines are rather expensive as are trannys and rear ends. This co has trucks that are 30 years old probably. Worthless junk sitting around because liens on them keep the co from selling. DO SOME RESEARCH on semis.
All companies transport hazardous materials. That's standard. Nothing special. Same cost as shipping anything else. Look at every truck on the road. You'll see their dangerous goods placards all over the rig and trailer! The profits here is coming strictly from the fuel savings which add up to millions every week!!!!! And the idiot about thirty year old trucks. Get real DUNCE. The only thing that's 30 yr old in transportation are the airplanes and ships! Trust me when it comes to transportation. Its my background. Ive retired from a transportation company. These fuel costs are huge to the transportation industry. Ex. I bought a ton of FedEx in June. Take a look at it now. I know what I'm talking about when it comes to this. Anyone have any question on the industry I'd gladly answer.
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