RE:Aveda Earn OutThanks for the info Johnny
This does not bode well for the Aveda shareholders. They have been putting this off for some time now and it looks like for all intents and purposes they are putting it off indefinately. It would not surprise me if at the end of all this they tell us there was no earn out (all they have to do is simply spend whatever profit Aveda has generated to bring the earnout to "0")
this is particularily interesting given that I was speaking with one of the drivers at a truck stop on the Trans Canada who is now part of the "Dasake Family". He just loves the company. Apparently, his income has more than doubled since joining Dasake and he has been told that the focus of the company is presently to "reinvest in personell be they drivers admin or management as well as equipment and infrastructure" and that they are not one of those companies that "worship the shareholder at the expense of the workers". I have no idea as to the veracity of these statements and have really no way to confirm or deny what I have been told.
So if the focus is on spending, spending, spending. (I said IF)..there will be no change in share price or any earnouts in the near future that I can see. Certainly, the share price at present seems to support the lack of funds available to increase shareholder value. Third quarter earnings will be interesting but I am not overly optimistic. In spite of record low interest rates and gas prices I would not be surprised if there will be a number of "unanticipated costs" which drained the various company accoounts.
Any thoughts?
GLTA
Rusty