Werner Enterprises is feeling the pinch. Investors, to put it mildly, are not happy how Werner Enterprises’ stocks are performing. Business buzzwords mean nothing to investors--U.S. Customs Broker, licensed Freight Forwarder in China, licensed China NVOCC and a TSA approved Indirect Air Carrier.
What investors want to know is how Werner Enterprises is making money in China or what Werner Enterprises is doing in China? These questions need to be sufficiently answered.
Mr. Steele’s report might focus on how market share in China will be developed. In short, Werner Enterprises is losing money in China. This is natural for any international business starting in China. But, is Werner Enterprises too late? U.S. companies that are enjoying profitability in China have been in China over 10 years. And there are plenty of other shipping companies in China at this moment--Maersk, UPS, and DHL. Werner Enterprises cannot claim deep knowledge or experience in China . Werner Enterprises is a new kid on the block in a convoluted business maze. A small branch office located in the central business district of Shanghai might signal to investors that Werner Enterprises can no longer compete in the U.S. market or excessive, useless overseas spending is not producing tangible results.
November 7th, investors will have a perfect opportunity to question Werner Enterprises' international business model.
From Business Wire:
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OMAHA, Neb.--(BUSINESS WIRE)--Werner Enterprises, Inc. (Nasdaq:WERN), one of the nation’s largest truckload transportation and logistics companies, will be making two presentations to the investment community.
The first presentation will be held at the Baird Industrial Conference on Wednesday, November 7, 2007, in Chicago. The presentation by John J. Steele, Executive Vice President, Treasurer and Chief Financial Officer, will begin at 11:05 A.M. (EST) and will be approximately 30 minutes in length, including questions and answers after the presentation.
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---WernerScrews 10-4
Showing posts with label stocks. Show all posts
Showing posts with label stocks. Show all posts
Monday, November 05, 2007
Thursday, May 31, 2007
Another Anti-Werner Blog
After six years, WernerScrews is pleased to report that Lady Trucker has created a WebLog. Right on!
You can read her story here. This sentence pretty much tells it all.
“They violated what every working person wants... respect and loyalty.”
Proving once again, Werner doesn’t give a rodent’s butt about its employees.
Creating a Blog is easy and Werner Enterprises hopes screwed employees won’t bother. Werner Enterprises can dismiss one website, but its hired guns—those who work in Marketing and PR—have a much harder time discrediting two or more complaint sites.
“Just wanted you to know that I'm not surprised by this site. I know this is
hard for drivers to believe, but they treat dispatchers the same way, at least
the night and weekend people. If a guy would call me and tell me he was tired,
I'd tell him to stop, JT load or not. And trust me, I was busy...I usually had
300 trucks to watch on my shift. There were countless times when a driver would
call me very emotional, wanting to why his home load was taken, as he was
heading home for home time and/or had a family emergency. Even if we put the
note in Qualcomm to send the driver home, days and/or management would take that
load from him. And who got the brunt of their anger? You got it, we did.”
No one is surprised how Werner treats its office employees. However, WernerScrews receives very few comments from its office workers. Send them in! Especially when your at the office busting your butt for C.L.!
Executive Pay: The 9/11 Factor (based on a Wall Street Journal article)
WSJ: "As stocks sank after the 9/11 attacks, scores of companies rushed to issue options to top officials. For recipients of options, the lower their company's stock price when options are awarded the better, since the options grant a right to buy shares at that price for years to come. The grants set recipients up for millions of dollars in profit if the shares recovered. Here is a look at grants made in September 2001."
“ Werner Enterprises
Number of top-level executives receiving grants: 5
Total estimated Black-Scholes value at time of grants: $8.5 million
Difference between Sept. 10 close and the options' exercise price: Down 26%
Company comment: Chief Financial Officer John J. Steele said the Sept. 28 grant did not mark a yearly low, and said "no one knew what direction the market was going to move in the future."”
The Enron-style executives at Werner Enterprises are Mr. Steele and Mr. Reiser—the “brains” behind Werner Enterprises; ethics are left in the dust to die.
--- WernerScrews 10-4
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