Nov 20, 2008

Reality Bites!

Well, the long awaited 10-Q was released on Friday and there was a very good analysis of the document posted here. However, on other blogs and forums, the word is that the TTAs are spinning this information and the news is good.

Well, let's take the TTAs out of the equation for a bit and take a look at the analysis provided by non-travel related entities. These folks don't have a horse in this race and are merely analyzing the data given to them. So is it really JUST a bunch of disgruntled TTAs? Or is there a lot of truth behind what has been posted in this blog over the past year?


From the St. Louis Post Dispatch:
YTB growth stalls in Q3, sells assets


From the St. Louis Business Journal:
YTB sees Q3 profit fall 87% 


From the Madison County Record:
YTB posts meager third quarter earnings 


From the Legal Newsline:
Online travel company targeted by AGs post 3Q loss 

From Travel Weekly:
YTB's Q3 net profit falls 87%


And yes, these are all negative sounding headlines and yes, I did select them to make a point. The remainder are pretty neutral, but if anyone can show me a positive headline from the recent filing, by all means bring it on!

But in more positive news, the Emmons County Record is reporting that Grits Travel* has just opened at the Ampride Convenience Store on U.S. Highway 83 in Emmons County North Dakota.

* Yes, that is right, "grits" named after the owner's favorite corn-based food in the south, hominy grits.
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