In the News II

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August 7th, 2023 at 12:22:38 PM permalink
rxwine
Member since: Oct 24, 2012
Threads: 217
Posts: 22944
Quote: DRich
You must not do much interstate driving. I have seen those Yellow freight trailers for as long as I can remember.


Can’t say I notice. I notice the “Target dog” on a truck. Stuff like that. I don’t see trains much, but I read them. Reading Railroad. Do not pass Go.
"Trumpsplain (def.) explaining absolute nonsense said by TRUMP.
August 7th, 2023 at 1:29:27 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 137
Posts: 21195
Quote: DRich
You must not do much interstate driving. I have seen those Yellow freight trailers for as long as I can remember.


The thing is they are orange.
War is peace. Freedom is slavery. Ignorance is strength
August 7th, 2023 at 1:42:06 PM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4245
We own 30% of Yellow due to the Covid scam via a bailout.
August 7th, 2023 at 1:55:02 PM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4245
The government lost those 30,000 jobs, not the unions, by locking down businesses during Covid.

They'll blame the unions though.

And then we will finance our loss at higher interest rates than during Covid.

It's all one big scam.

They should see what accounts the money actually went to.
August 7th, 2023 at 2:03:06 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 137
Posts: 21195
Quote: DoubleGold
The government lost those 30,000 jobs, not the unions, by locking down businesses during Covid.

They'll blame the unions though.

And then we will finance our loss at higher interest rates than during Covid.

It's all one big scam.

They should see what accounts the money actually went to.


The drivers will get picked up by other carriers in short order. The warehouses will get sold to other trucking companies as they have many good facilities owing to how old they are.

The Teamsters now have a $30 million hole in their budget.
War is peace. Freedom is slavery. Ignorance is strength
August 7th, 2023 at 4:35:07 PM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4245
Zuck was going to beat the tar out of Elon, so all the sudden Elon may need surgery.

Good choice Elon but next time, don't act like you're tough.
August 7th, 2023 at 4:36:28 PM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4245
Quote: AZDuffman
The drivers will get picked up by other carriers in short order. The warehouses will get sold to other trucking companies as they have many good facilities owing to how old they are.

The Teamsters now have a $30 million hole in their budget.



Are the other large trucking firms unionized?
August 7th, 2023 at 5:05:25 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 137
Posts: 21195
Quote: DoubleGold
Are the other large trucking firms unionized?


Some are, the Teamsters are a trucking union first and foremost. I interviewed at Roadway 25 or so years ago which Yellow bought. They were union and the guy said they didn't try hard to boot the union because it meant drivers lined up to work there.
War is peace. Freedom is slavery. Ignorance is strength
August 8th, 2023 at 3:41:08 AM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4245
A view of a LLY Monthly chart going back to 1971 (log format).

They're getting ready to release numbers for this quarter.

Pre-market high is $488.40.


She looks dangerous and can likely move to the top of the channel a tad under $800.

I'd might stay away from her on the bear side, although she is richly valued with a 71.36 PE.

A tad below $500 might be a good short term bet to the downside.


I'd definitely stay away on the long side.


Can click on image to expand it.

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https://imgur.com/UVJzzWb

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August 8th, 2023 at 3:52:06 AM permalink
DoubleGold
Member since: Jan 26, 2023
Threads: 34
Posts: 4245
Revenue rose 28% but the PE is over 70.

She just hit $500.

She's up $43 billion pre-market.