DALLAS, Jan. 13, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring shipping company P.A.M. Transportation Services Inc. (Nasdaq:PTSI). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/PTSI
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P.A.M. Transportation Services Inc. (PTSI) is a holding company. Through its subsidiaries, the Company operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces. It also provides transportation services in Mexico under agreements with Mexican carriers. The Company's freight consists primarily of automotive parts, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. PTSI conducts operations through its wholly owned subsidiaries, which include P.A.M. Transport, Inc., T.T.X., Inc., P.A.M. Dedicated Services, Inc., P.A.M. Logistics Services, Inc., Choctaw Express, Inc., Choctaw Brokerage, Inc., Transcend Logistics, Inc., Allen Freight Services, Inc., Decker Transport Co., Inc., East Coast Transport and Logistics, LLC, S & L Logistics, Inc., P.A.M. International, Inc. and P.A.M. Canada, Inc. As of December 31, 2008, it operated a fleet of 1,839 trucks and 4,809 trailers.
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In the report, the analyst notes:
"PTSI reported net loss of $1,229,753 or diluted and basic loss per share of $0.13 for the quarter ended September 30, 2009, and net loss of $6,931,995 or diluted and basic loss per share of $0.74 for the nine month period then ended. The reported results include pre-tax write-downs of marketable equity securities in the amount of $232,544 and $1,337,545, respectively, for the three and nine months ended.
"PTSI in early December announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC") to offer to the public from time to time in one or more offerings shares of its common stock, preferred stock, rights and warrants up to a total aggregate offering amount of $16,051,511."
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