RRTS - Roadrunner: More Questions Than Answers
Investment Thesis
Roadrunner (RRTS) is a distressed freighting company. It has undergone a huge shareholder dilution, diluting its shareholders approximately 90%.
When I approached this investment, I felt that if management could deliver on its guidance, there was upside potential to be had. However, thus far, progress has been far from satisfactory.
Background To The Idea - The Forgotten Detail
What attracted me to Roadrunner had been the fact that the company was being swallowed whole by Elliott's hold over its capital structure. Once Roadrunner had overcome its huge shareholder dilution (approximately 90%),