RRTS - Roadrunner - Too Many Miscalculations
Investment Thesis
Roadrunner Transportation Systems (RRTS) triggered our interest in the early days of their newly formed capital structure and strategic plan. A few fellow Seeking Alpha contributors have documented these strategic change and management forecast in detail so we will go directly into why we were also convinced of the bull thesis and then left regretted.
However, if you want to the short version, the following quote sums it up pretty well.
When they speak, they are lying; when they are quiet, they are stealing? – Charlie Munger
We rely on the