It's hard to see how anybody can think this stock is a buy at $57+. Do they have any special barriers that protect somebody from dupicating their business model? If not, I don't see how they sell for more than a PE of 15.
. Do they have any special barriers that protect somebody from duplicating their business model? In the thousands of brokers at last count it's just that they are or were the biggest. Look at the logistics firm that bought YRC's truck load division and yes they use outside contractors as even most common carriers do with their non-asset base operations, put it this way whatever it takes to make a buck.So the only thing they have going for them is fast payer but the lowest skimming to much off of the top and independents are switching whenever possible.
i wont argue with the facts, but i dont see any reason to take on debt. certainly not during such uncertain times. even in good times operating with debt isnt the best move. and for what reason, to give some cash to stockholders? thats an obama move...lets borrow from the chinese to give out paychecks to the lazy.
You'll have to read all of these new regulations that are going to be implemented. An estimated 175k drivers out of service a huge portion being the single independents which is the back bone of CH. By mid year this will have a great effect on this stock. http://csa2010.fmcsa.dot.gov/about/default.aspx