Comment / Under the radar: Meep meep – has Roadrunner rescued its balance sheet?

Roadrunner Transportation Systems must remind investors and those in the trade of the distant puff of dirt that rises from the ground when the hapless Wile E. Coyote plunges off a cliff and, once again, plummets into the canyon.

From a 2013 peak of $30 per share, the stock has plummeted to $0.44, following an accounting scandal, debt problems, and 25 acquisitions, many of which were poorly executed.

That said, there’s only really one investor in the company today, now that activist ...