Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.
There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.
Shareholders in Roadrunner would have the right to buy more shares, and if they don’t, the company’s preferred shareholder would step in.
HCI Equity Partners says in amended filing it may enter transaction to help Roadrunner’s balance sheet.
In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
The company will look at its capital structure, may raise more funding, and has a strong forecast to 2020.
In the one question from the earnings call, an analyst asked Roadrunner executives about the goodwill-heavy balance sheet.
Roadrunner Transportation Systems (NYSE: RRTS) released its delayed 2017 10-K report this week.
Two former Roadrunner Transportation Systems executives were charged with multiple crimes related to accounting and securities fraud in a federal indictment unsealed Friday.
