Quote:
Originally Posted by hard2explain18
They were publicly traded. Used to have the ticker symbol CNF. I can't remember if they got bought by a private equity firm last year or went private but I remember they were trading for around $2 per share.
As for Con-Way. I thought about that being a great fit for DHL but never really considered it. And I know they warned in advance for some bad quarterly reports and the last one time they announced there net income dropped like 16% but the company is still earning around $4 per share with a P/E of around 11. Thats not bad. I'm still waiting for the economic slowdown and will have to start shorting stocks. I deliver building materials and we slowed down at the start of the year but we're picking up again. They posted 2 job openings at the union hall last month and still haven't filled them. This time last year guys were begging to work here. Its weird. I know Yellow has been looking for full time city drivers in Pittsburgh for 2 months now. I'd hate to give up my seniority here and start on the bottom over there. The benefits are about the same and we come close on the pay.
You're right--CT was public and is now private.
I believe the long term outlook for the stock market in general (S&P, Dow, Nasdaq, etc.) over the next several decades will be trending upward. However within those decades will be a bumpy ride all around--up, down, and sideways. We could be in for some bumps downward as we speak--especially if China stocks tank as they did in Febrary.
Yeah it's tough considering a move to another barn--you start all over again. Yet, sometimes that can be a good thing.