The Brink's Company Message Board
-
Declining rev.
My relative who drives for them says lots of cancellations as many small buisnesses have folded.
He advised me to stay clear till the economy recovers.-
The U.S market is in big trouble. Small mom and pops are killing Brinks and they will eventually fold the the U.S but not before losing a lot of money. The fixed assets are worth little as they are armored trucks--no value.
- 1 Reply to rcsam
-
Plus their trucks have an average age of 10 years, which is when they should be replaced.
New trucks are 'drum' trucks, which are $20 - 25K more and are much less efficient to operate.
-
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.
- 1 Reply to analyst112
-
They have raised bullion storage prices eff. Jan 2012; profit margins are heading up.
-
My friend's sister's second cousin (Miguel) cleans their Dallas offices and he says that almost everyone has gone home at 6:30 when he gets in to work. Also, there is much less garbage in the bins these days.
Sure sounds like those cancellations are really taking a toll. -
My friend's sister's second cousin (Miguel) cleans their Dallas offices and he says that almost everyone has gone home at 6:30 when he gets in to work. Also, there is much less garbage in the bins these days.
Sure sounds like those cancellations are really taking a toll. -
The top line is still increasing but the bottom line is lowering. Increasing SA business as well as watching the margins will correct this hopefully.
-