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TravelCenters of America LLC (TA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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4.15-0.40 (-8.79%)
As of 2:59PM EDT. Market open.
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  • G
    Gary
    Gary
    Anna is actually Harry and works for PennySUCKS.
  • k
    kevin
    kevin
    we need big news to bring this up more
  • b
    baaadapple
    baaadapple
    TA losses from litigation costs and illegal Comdata fees was about $5.5 million last quarter, the same as their pretax loss. Means they are running about breakeven without those items.
  • k
    kevin
    kevin
    Hope it will go back up
  • G
    Gaurav
    Gaurav

    Big payout from Litigation:

    https://www.reuters.com/article/us-travel-america-fleetcor-technol-rulin/travelcenters-of-america-wins-lawsuit-vs-comdata-over-merchant-fees-idUSKCN1BM2JC

    TravelCenters of America wins lawsuit vs. Comdata over merchant fees
    A Delaware court ruled in favor of truck stop operator TravelCenters of America LLC (TA.O) on Monday in its lawsuit against the Comdata unit of FleetCor Technologies Inc FLT.O over merchant fees it paid to the fuel card provider.
    www.reuters.com
  • N
    Never
    Never
    I hoped we would go back to $4.25-4.50 today but it doesn't look like we are going there right away. Hopefully we will.
  • A
    Alivio
    Alivio
    Hope it goes up today big time
  • N
    Never
    Never
    "I believe that we will prevail in this litigation and hope we will have a ruling from the court soon. If we do prevail we hope to recover at least all of the $13.5 million of costs that we have incurred in the first half of this year."
  • J
    Josie
    Josie
    When the price of fuel rises, so does T.A.
    stock.
  • N
    Norm
    Norm
    Times like this, I wish I'd have bought more! Well let me think, still a steal at this price.
  • G
    Gaurav
    Gaurav
    Any news? Why did it jump 50 cents?
  • N
    Norm
    Norm
    Will we see $5 again soon? I think we will. The stock is a steal at this price.
  • N
    Norm
    Norm
    Great news! Go TA! This stock is undervalued. BUY!
  • A
    Alivio
    Alivio
    what is going on today.... TA is going drastically down w/o any bad news.... it supposed to go up not down?????
  • D
    Dream
    Dream
    “During this litigation, TA discovered, and the Court’s opinion noted, that Comdata has considered ways it might hurt TA’s business if TA did not agree to higher fees. I personally want to say a special thank you to all the TA customers who remained loyal to TA during our dispute with Comdata. I sincerely hope that normal business may now continue without any efforts by Comdata to direct business away from TA.”

    Is that why TA underperformed in the past quarters?
  • N
    Never
    Never
    Here is the $4.50 I expected a few days ago.
  • N
    Never
    Never
    The processing agreement between TA and Comdata has a set fee schedule in a term that runs through early 2022.
  • D
    David
    David
    Well, it looks like it will retrace back to post-earnings release (4.75 to 5.00) area. Be Happy... And correct me if i am wrong, but I do not think Harvey nor Irma had any real damage to any locations. Correct?
  • S
    Stas
    Stas
    Very weak close. Strong sell-off a the end most likely indicates this will go back into the low to mid $3's area. Even with the litigation win, their operations must be struggling mightily without an end in sight. Cheers!
  • N
    Never
    Never
    Did NOT win triple damages.

    The Chancery Court decision dismissed TA’s claims against FleetCor Technologies, Inc.(FLT) , the parent company of Comdata, because the Court found that TA had not presented evidence sufficient to pierce Comdata’s separate corporate existence and because there was no evidence that Comdata itself lacked sufficient resources to pay the judgment. Also, the Chancery Court’s decision found that TA should not be awarded triple damages under the Tennessee Consumer Protection Act which TA had argued might apply to Comdata’s conduct in this case.