Why is the stock on some domestic freight forwarders (jet and trucking svc past its sell-by date int'l flts) plummeting in a minute?
A through company approaching Kittyhawk (KHK) have sunk to a 4 yr adjectives time low within recent days. Is it prime lend rate, TSA freight screening, Dow Jones, price of grease or another produce?
Answers:
for what it's worth, here's my speculation .
this mortgage piece isn't over and won't be for months or even very well into subsequent year. As consumers achieve crunched, they tend to cut wager on on discretionary spending. As spending falls, business growth in a wide-ranging mixed bag of industries also falls.
So to does growth in some of our trading partner' economy.
And these decline volumes for smaller haulers more than for larger haulers.
Put that together near what looks approaching increasing probability that the protectionist Democrats will annex the White House within 2009 and their propensity to restrict the growth of international trade to 'protect American job'.
Plus the promising contraction of equity buyout deal as taxes are increased on outfits resembling Blackstone surrounded by 2009.
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as to the specific company you cite, I haven't looked at any their charts or fundamentals, so I hold no view.
GL
the stock have sunk because single stocks do that ! diversify!
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Answers:
for what it's worth, here's my speculation .
this mortgage piece isn't over and won't be for months or even very well into subsequent year. As consumers achieve crunched, they tend to cut wager on on discretionary spending. As spending falls, business growth in a wide-ranging mixed bag of industries also falls.
So to does growth in some of our trading partner' economy.
And these decline volumes for smaller haulers more than for larger haulers.
Put that together near what looks approaching increasing probability that the protectionist Democrats will annex the White House within 2009 and their propensity to restrict the growth of international trade to 'protect American job'.
Plus the promising contraction of equity buyout deal as taxes are increased on outfits resembling Blackstone surrounded by 2009.
***
as to the specific company you cite, I haven't looked at any their charts or fundamentals, so I hold no view.
GL
the stock have sunk because single stocks do that ! diversify!