They are closing marginal routes and cutting costs. all the growth is non U.S. which has 25% growth. The U.S. is a no growth cash flow market. The stock is very cheap on a cash flow basis. EBITDA multiple is super low which makes the stock a good private equity takeover. We will see.
They could double their NY storage rates and still lose money on them. They had many opportunities in the past to add revenue but didn't want to for a number of reasons. Today they are still scrambling to find ways to cut costs, yet they bring people into Coppell for training when the training is a joke.