RRTS - Roadrunner Transportation: Selling To Address Leverage
Roadrunner Transportation Systems (RRTS) hit the spotlights in recent times as it sold a substantial portion of its business in a deal triggering a huge pop in its share price. The deal and the move in itself is interesting as this firm, with a recent very troubled past, might eliminate itself from its major debt concerns. Selling an apparent good asset makes it even more unlikely that operating profits might be achieved anytime soon.
Given the past and uncertainty, it is too early to form an informed opinion into the outlook for the business, yet