Old Domion $tock

Discussion in 'ABF Freight System' started by 6PakAbs, Feb 15, 2017.

  1. 6PakAbs

    6PakAbs Well-Known Member

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    why is OD's stock 3 times more than ABF's? Just curious...
     
  2. DeTrucker

    DeTrucker Active Member

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    Because they don't pay overtime lol
     
  3. SAC75

    SAC75 Well-Known Member

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    If your investing money in the stock market and are looking for safe investments OD is a pretty safe bet. No red ink and low operating ratios all look good to investors. ABF had 5 or 6 years of losses pre 2014 contract. We would of been a good buy in 2013 cause our stock skyrocketed in 2014 after our "great contract".
     
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  4. ABFer

    ABFer Well-Known Member

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    ABF stock has dipped to $4.00 or so more than once during contract negotiations. If you have the stomach for it get ready and dive in.
     
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  5. SAC75

    SAC75 Well-Known Member

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    I know it. I wish I would have maxed my credit cards out buying stock when it was that low. I'd be a thousandair by now! Lol.
     
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  6. hotrodd

    hotrodd Active Member

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    Because OD can move more than U packs.
     
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  7. troubleman84

    troubleman84 Well-Known Member

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    They don't pay into dividends hard to make money off them I think they just recently increased rates but not enough to make a difference.
     
  8. vongrimmenstein

    vongrimmenstein Well-Known Member

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    OD does not pay 35,000.00 per employee per year before the first dime in wages for pension fund & Medical. 35 grand a year * 7,000.00 rank & file is a large bucket of scratch. Hence your reason for the difference in stock price.
     
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  9. SAC75

    SAC75 Well-Known Member

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    Yes they do. They pay 10 cents on 3-20-17. Granted ABF is paying 8 cent per share. There is a list of divided payouts.
    http://m.nasdaq.com/symbol/odfl/dividend-history
     
    Last edited: Feb 16, 2017
  10. Trucker 206

    Trucker 206 Well-Known Member

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    Good one, hotrodd! You're right on the money there! We died off only a little on U-Packs over the winter this year. Don't look now, but here comes the 2017 U-Pack season!
     
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  11. vongrimmenstein

    vongrimmenstein Well-Known Member

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    Both companies have the same type of equipment. So both outfits can haul what the other does. Both have pups, 53ft boxes & flatbeds. It is just a matter of how they want to run their corporation. von.
     
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  12. pennzoil

    pennzoil Member

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    dont forget, the upack revenue is not on abf freights books
     
  13. Trucker 206

    Trucker 206 Well-Known Member

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    Maybe not, but it's in the Teamsters books.
     
  14. hotrodd

    hotrodd Active Member

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    Where do they hide the rev. at?
     
  15. ABFer

    ABFer Well-Known Member

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    It's under ABC Corporation. A grievance was filed on the contractually illegal shifting of the revenue to evade paying bonuses but our POS union refused to process the grievance. I wouldn't advocate signing up with the teamsters for anybody.
     
  16. Trucker 206

    Trucker 206 Well-Known Member

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    It's all in 'The Fort'. Oops..I misspelled that...The FART.
     
  17. runawaytrain

    runawaytrain Wear their scorn with pride.

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    Oops .... Old Dominion.
     
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  18. pennzoil

    pennzoil Member

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    and thereyou have it
    exactly, except they call it arc best. if it were on our books, we'd be operating in the 80's. it could be worse, at least they're reinvesting back into the company
     
  19. vongrimmenstein

    vongrimmenstein Well-Known Member

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    Ya need to qualify that last sentence. NON-UNION company. von.
     
  20. kenneth

    kenneth Well-Known Member

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    No Flatbed's at OD.
     
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