Prescience Point Issues a Negative Follow-Up Report on Celadon Group (NYSE: CGI)

BATON ROUGE, La., Dec. 21, 2017 /PRNewswire/ -- Prescience Point, a forensic research firm, has published a follow-up report on Celadon Group (NYSE: CGI), an Indianapolis-based truckload freight transportation provider.  In this report, Prescience Point presents additional information which supports the conclusions presented in our prior reports on Celadon, many of which have already been confirmed by company announcements and audit withdrawals. Celadon's stock price has recently increased >300% since the installation of a new senior management team, despite evidence of deteriorating fundamentals. Prescience Point believes Celadon is a poorly understood company burdened by an overleveraged balance sheet, and that shareholders are failing to consider the significant risk of an imminent debt restructuring.