Titanium Transportation Group Inc T.TTNM

Question

[Canoutchie]

Help me out here, but is there any reason why TTR is selling off this week, because I'm apparently missing something, as I thought the recent Q1 earnings release was pretty good, and with the pandemic beginning to subside in North America, there appears to be good growth prospects for the next year or two.
Is this the typical sheep who sht their pants at the prospect of "sell in May", or is there something else that I'm missing? I'd be curious to hear other's thoughts. Thanks and GLTA.

[Amameal]

It is hard to tell why the price will go up or down. My guess is analysts have a little bit higher-earning expectations. It was 5 cents instead of 3 cents per share that we got. It will get better later this year. GLTAL

[HDP18]

From what i understand it is a pretty competitive industry.  Wages are being pulled higher so that is a cost as well as the cost of fuel. On the otherhand there is no way you cannot see the rig demand on the highway these days.  I agree, with the economy reopening we should see this company do well...IMO.

[TradeTracer]

$0.20 is hardly selling off, but I would add that that news of the hacked pipeline making a shortage of fuel is probably playing into this Trucks can't run without fuel, so no money coming in for the company Just a psychological reasoning to dip the price

[Canoutchie]

Thanks for the comments. It's a good thought, the question about fuel prices, but my understanding was that most trucking and transportation companies treat this as a pass-through cost with a fuel surcharge on freight rates, similar to how airlines will add a fuel surcharge to ticket prices. I'll need to contact the company's IR to confirm my assumption. Again, thanks for the comments