Fund - USA - Moves Into Trucking Company
Value investors are flocking to Sirva as the trucking company seeks to send its financial woes packing
USA - Barron's (subscription), by Naureen S. Malik -1st June 2006: -- Sirva offers moving and relocation services in the U.S. and 40 other countries. U.S. brands include well-known names such as Allied Van Lines, northAmerican and Sirva Relocation... Although a market leader in relocation services, investors were spooked by disappointing operating results from non-core assets and management's "discovery of internal control deficiencies," as Sirva Chief Executive Brian Kelley said in a conference call earlier this month... Peaking at nearly $26 in early 2004, shares plunged in November of that year after Sirva reported disappointing ...
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