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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (195359)10/4/2002 1:51:38 PM
From: reaper  Read Replies (2) of 436258
 
OK, i didn't need two days.

cumulative cash flow from ops last 3 years (1999-2001)
$314mm (that was in the bull economy)

cumulative cash outflow for new trucks and other equipment last 3 years (1999-2001)
$256mm

they also bought a company (Arnold Trucking) for $400mm +/-.

cash flow first two quarters of this year $25mm, and they spent $20mm on PP&E.

so net net in bull and bear markets these guys produce almost no free cash.

hey, anybody know about workers comp in the trucking business? i hear workers comp rates are going through the ROOF; i imagine that would be a big expense for a trucking company.

$300mm debt, 2x book value, economic activity possibly declining, low ROA / ROE. looks good to me <g>

Cheers
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