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Arkansas Best Corporation Message Board

bernardgannon 4 posts  |  Last Activity: Sep 3, 2014 1:47 PM Member since: Feb 11, 2010
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  • Reply to

    Executive Pay Instead of Trucks

    by lambdachi775 Aug 29, 2014 2:45 PM
    bernardgannon bernardgannon Sep 3, 2014 1:47 PM Flag

    Don't disagree. This really was a failed out-of-court restructuring. You hope for a clean slate, and that is not what was achieved. The burdensome balance sheet - including all the off-balance sheet items worsened by the desperate truck leasing program - continue to be a drag on operating performance. They just can't peddle fast enough to turn this thing around with the existing capital structure. The sad part is that management was amply rewarded for the "successful" restructuring. Flies in the face of reality.

    Sentiment: Strong Sell

  • Reply to

    Covenant Default

    by sagaponack262 Aug 21, 2014 12:05 PM
    bernardgannon bernardgannon Aug 29, 2014 12:06 PM Flag

    YRCW to provide monthly financials to Banks for August period. Two of the three months are now done for the quarter. Should become clearer shortly whether YRCW will default on covenant.

    Sentiment: Sell

  • bernardgannon by bernardgannon Jul 24, 2014 4:28 PM Flag

    He can't have any discretion in the sale. If he did, and he sold one week before earnings are released, he would be sent away in cuffs. So I wouldn't read anything into the sale, except that he has a standing instruction to his broker to automatically sell a portion upon vesting to pay his tax liability. I think earnings are going to be good next week, and the stock is undervalued.

    Sentiment: Strong Buy

  • bernardgannon by bernardgannon Jul 16, 2014 9:48 AM Flag

    Strong Bid following announcement that earnings will be released July 31 following market close. This is a week earlier than last year. Good sign.

    Sentiment: Strong Buy

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