Why doesn't Ford and others make a deal to pay these guys 1 yrs pay plus say $25,000 retraing pay when they build the plant, if and when it was to close..............paying these yahoos $190,000 to close a plant is corruption at the union and Belgium govt. level....This is ludicrous.
$190,000 each to workers to close a Belguim plant.
you got that right.....he is pigeon holed now...his own party members know there is nothing left and the lies, Benhgazi, Solydra, electric cars and other fraudulent bsss can't be denied....so he packs the his dept. heads with hard line socialists.the new labor sec is a wack job supreme....
I say a merger with Duff in control....the percentages I could not tell you...KLLM might not have the rev of FFE but I bet they make money.....A less lose 4th qrt 2012 than prior qrt is like saying you lost the fight but not as bad as the one before you lost also....Its always something with FFE...What is with the $777,000 life insurance AGAIN in 2012?.....they did away with the last one with old man stubby and now again i guess....Hey FFE, still have the perks?....country clubs dues still payed by FFE?....cars?...extra weeks pay for vacations time?...etc...etc...etc...
$3.2 mil.....This company is bleeding money like a slaughtered pig...
Can't keep up with the King....The video display menu at BK is the best thing to hit ff in decades, only time til they all go there.....Tried my first Whooper in 20 yrs or more last week and its the best in ff, actually had 2 of them with the 2 for $5 promo....Burp!.......The week before I tried the $0.25 iced cof and now I am hooked....This stock will 2x in the next 2 yrs.
All the numbers are getting better but still a lose and still selling assets and still increasing debt...1st qrt 2013 is not going to be good, not with all the bad weather and its slow anyhow then.....FFE has no option but to sell, merge or go private.....Hard to figure out a value as the stubbs keep everyting in the dark as much as possibe....I just saw that they sold their remaining 18% stake in W/B this past Feb 27th for $3.2 mil....just 3.5 times earning.....must have been another none arms length deal that the stubbs are notorious for.
You know America is is trouble now......But then again Madona did Rodman, what do you expect?
Yeah...W/B made them approx $900,000 last 2 yrs..........slow years and they sell it for $3.2 nil........would you have sold it for that???..................Should have at least been $5-6 mil....Crooks??
1. cut 150 people immediately
2. cut driver pay $0.01-.02 mile
3. reduce management pay by 5-7%
4. stop all perks, no more country club dues paid by co.
5. stop life insurance policy
6. increase rates for pu/del, per/mile etc
7. increase HC payments from employees
8. get back into dry freight, FFE Freight
9. quit the water trks bsssss
10. keep ref trailers 9 yrs instead of 7
11. no more stubb sr as a paid consultant
12. no more out of state biz conferences/tradeshows
13.relace board members
14. look for new ceo
all this for free...........what a deal. . . if it was FFE they would pay $89,700 for this.....There will be grumbling but its not going to do anyone any good if FFE goes out of biz.
Duff put FFE in play....1st 2013 will not be good....$14 mil left on credit line....stubby jr is lost....this is the whole problem......and when a company does not change a single board member or new ceo when it has 5 yrs of dreadful results..that just tells you there is a fix in place....these guys are fools running FFE at best and crooks otherwise imo.....selling W/B for $3.2 when it made $850,000 and $950,000 the last 2 yrs. for FFE's share.
I would like to know who they sold it to...Did W/B buy the 18+% or who? FFE probably has no obligation to say when it was sold or even to put it up for bid........but they do have an obligation to make it an arms lenght transaction....they had been caught there once before.......Most companies would have announced it was for sale and put it out for bid....