Found out today that XPO sold our SIC and now we're leasing the property. Is this going on elsewhere?
I’m no business man but that sounds to me their trying to make the bottom line look better.
Spot on.It worked for a day. The stock shot up over seven dollars. And then Wall street read up on everything. And nope. Back in line where you were.
Company is drowning in debt. Unable to grow because the only way he knows is to buy and he can't buy anything because he's out of money.
Let's say the LTL company gets sold. Okay. Now Bradley Jacobs has set up another revenue stream by leasing properties back to a company XPO doesn't own anymore.So, if we keep selling our assets, the value of the company goes down, stocks go down, purchasing power goes down, and on and on. As it is right now, not 1 of our tractors or trailers have passed or will pass a DOT inspection. The way we're going, our closest competitor will end up being ABF, if they don't outright sell the company.
Right before our vote for third party representation there were 2 real estate agents at our terminal looking them o verI’m no business man but that sounds to me their trying to make the bottom line look better.
So, if we keep selling our assets, the value of the company goes down, stocks go down, purchasing power goes down, and on and on. As it is right now, not 1 of our tractors or trailers have passed or will pass a DOT inspection. The way we're going, our closest competitor will end up being ABF, if they don't outright sell the company.
Let's say the LTL company gets sold. Okay. Now Bradley Jacobs has set up another revenue stream by leasing properties back to a company XPO doesn't own anymore.
Sell the house but keep the land and charge the new owners a lot fee like a mobile home park. Feels slimy , but what are you gonna do?
Sounds like he's pulling a Sears on the company. Similar to what Eddie Lampert the CEO of Sears did to Sears. Sold all the Sears real estate to his company then leased it back to Sears. Double dipping. Sears never recovered from that.
He's been talking to Bill ZollarSo basically, Jacobs is playing chess and already knows what his next moves are with the company, so he's just setting up his revenue stream before the inevitable.
I googled the dude, he's got his hand in so many cookie jars, he will never care about the human aspect that put him where he is.
Don't know who that is, but reading articles about this guy, says he bought Expedited-One on a bet, turned it into XPO and turned millions into billions. He brags that he only bought us on a bet.He's been talking to Bill Zollar
Zollars is the ex Yellow fellow who is responsible for acquiring Roadway and USF.Don't know who that is, but reading articles about this guy, says he bought Expedited-One on a bet, turned it into XPO and turned millions into billions. He brags that he only bought us on a bet.
Word is they want to sell the entire mid Atlantic and Northeast area terminals. This from a pretty reliable source. Something is up.
Has anyone heard anything to substantiate this?