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ABF | ABF-Teamsters Contract Negotiations Update 4-19-13

truxforever said:
I am still waiting for proof of the 230 mill lost the company is talking about. I have taking it quarter by quarter in the SEC reports. Now they did loose money but nowhere near 230.
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Maybe the stonehead will step up to the plate and help you locate it. :shrug:
 
truxforever said:
I am still waiting for proof of the 230 mill lost the company is talking about. I have taking it quarter by quarter in the SEC reports. Now they did loose money but nowhere near 230.
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I'm not the one making the claim they lied. Burdeb of proof is actually on you. The only one saying no the 230 million is the Teamsters.

If ABF were lying, the feds would be all over them already.

nothumbleenough did post this though.

nothumbleenough said:
The company as a whole is losing money. The bean counters are advising management it is due largely to our well above standard union contract and considering we all pretty much work at our legal capacity how will this company ever be profitable and union without cutting its cost structure?
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About all the voting comments..
I voted for Romney if it matters
I want to keep my guns (can I say that on here?)
Anyway I feel no matter how we vote it will some how pass
Oh lets say 57%
And after that we will only know of a hand full of people who voted yes.

Oh yeah can I ask a question?
What did we do before we had the internet on our phones?
We could only talk to other stupid truck drivers with in CB range
Not all over the country.
 
papajohn said:
You may want to ask all the 10% workers that only are working 2 or 3 days a week that question. Now the company is proposing that you have to have In terms of health care, the company is seeking:
1) the elimination of coverage for employees working
fewer than 130 hours in a month;

2) employee copays including a $240 per month employee contribution
for family coverage;

3) significant increases in out-of-pocket employee costs; and

4) overall reduced benefits.

If you are so willing for a giveback, then by all means you can donate back to them, and the rest of us will keep what we earn!!!!!!!!!!!!!!!!!
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Totally unbelievable isn't it. To think they have people that do nothing but figure out how to take from us and our families. To give more to the fat cats. Sometimes it's hard to wrap my brain around it. I said it over and over. We as drivers have the power to put not only these greedy companies down but the whole country. But we sit back and watch our fellow drivers barely make a living. Then get their medical cut for their families because they cut their hours on purpose. I'm glad I don't know or have people like that in my life...
 
Stoney said:
230 million loss, hello! Yes stock reports. Thats my evidence. Your the one making the claim that ABF is lying and committing a federal crime (Enron style) with no evidence.

Sorry, your 37 year means jack to me. If in 37 years you still haven't figured that universal healthcare is a socialist program, then how do you have in credibility on this?
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Was this not your post, so please explain where in the stock reports did you find the evidence you speak of. Please show us all where, we will be waiting. I know that I checked quarter by quarter from the SEC reports. So no Stoney the burden of proof is on you since you claim this to be fact. It is only federal if they lied on the SEC reports which they did not and the lost is not 230.
 
truxforever said:
Was this not your post, so please explain where in the stock reports did you find the evidence you speak of. Please show us all where, we will be waiting. I know that I checked quarter by quarter from the SEC reports. So no Stoney the burden of proof is on you since you claim this to be fact. It is only federal if they lied on the SEC reports which they did not and the lost is not 230.
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Stoney won't answer you, He will run scared now that you have his number.....
 
truxforever said:
Was this not your post, so please explain where in the stock reports did you find the evidence you speak of. Please show us all where, we will be waiting. I know that I checked quarter by quarter from the SEC reports. So no Stoney the burden of proof is on you since you claim this to be fact. It is only federal if they lied on the SEC reports which they did not and the lost is not 230.
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Nope, try again. Sorry you can't find it. Not my problem you can't find it.
 
truxforever said:
Nope try again I am not saying I can't find it, tell us where you found it, you can't. You claim it as fact with your evidence.
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Well, Chief, why are you here? You should be on the phone with the Feds turning ABF in for lying to its shareholders.
 
Stoney said:
Well, Chief, why are you here? You should be on the phone with the Feds turning ABF in for lying to its shareholders.
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That is it more bull****, when you can't answer the question. I know they didn't lie on the SEC reports because it is not a 230 million lost. I have ask on ask the president (Roy), inforoundtable and keepontruckin and they can't answer the question either. Why is that Stoney if you had lost 230 million I bet you could tell where and how could you not? Now where in the shareholder reports do they claim a 230 mill lost can you prove that. I know the answer, No because they never claimed a 230 mill lost to the shareholders, you can find that report on the ABC homepage. Now why don't you go and check it out and than come back to tell us where it was reported to the shareholders in that report. The only time you here of a 230 mill lost is in articles in the media and on ABF press releases. Here is your chance the lost has grown to 250 mill cause by the contract since 2009 which ABF claims. That means ABF has to show a lost of more than 20 mill this quarter on the 1st Quarter reports. Here is the link to 250 mill a press release to us

http://easycaptures.com/fs/uploaded/609/6267688032.png
 
truxforever said:
I guess Mrs. McReynolds is looking out for her 72,890 shares of ABC. Judy is the second largest share holder behind Mr. Young. Just think how much a share that they will go up on the word of us giving concessions to ABF on wall street. Judy will be one rich woman while we and ours will be struggling. Just think of what kind of raise she will get if she can get these concessions passed us.

Insider Trades - MCREYNOLDS JUDY R - Yahoo! Finance
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Ever stop to think how much Judy and her fellow management team has lost in their own personal wealth since the company stock used to trade above 45 dollars in value. Five years ago that many shares would have been valued well over 3,000,000. Today those are worth about 750,000. That's a loss in value over 2,250,000 to her alone. Earnings manipulation almost always exaggerates earnings to increase the stock price. I would ask you cite publicly traded companies guilty of this type of reverse stock manipulation.

BTW, ABF did show a different number in its company propaganda(230 million) for the last five years than it publicly reported as a loss. About 160 million.
 
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