Yellow | Great news but many questions

imovaherenow

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First, its great news to finally be free of the daily bs of the deadlines and etc....but i do have some questions they all seem to be related...

1. The 470 million debt off the balance sheet..how is that helping? And how much is still owed?...i heard yrc owed 1.5 billion

2.the 950 million revolving credit..is that maxed out?

3.the 47o million again was that off the revolving credit so they have 500 million available to borrow off of..

I'm still very concerned..its great that yrc passed this hurdle but it looks like from wht i see there are more deadlines to come and we will probably post another loss for the 4th quater and 1st quarter and if this revolving credit is avail....i would feel more confidant in yrc's longevity
 
First, its great news to finally be free of the daily bs of the deadlines and etc....but i do have some questions they all seem to be related...

1. The 470 million debt off the balance sheet..how is that helping? And how much is still owed?...i heard yrc owed 1.5 billion

2.the 950 million revolving credit..is that maxed out?

3.the 47o million again was that off the revolving credit so they have 500 million available to borrow off of..

I'm still very concerned..its great that yrc passed this hurdle but it looks like from wht i see there are more deadlines to come and we will probably post another loss for the 4th quater and 1st quarter and if this revolving credit is avail....i would feel more confidant in yrc's longevity

Basically the "new",owners of YRC common stock,own everything.Another words what equity was left in this company,i.e. trucks,trailers,forklifts,and Zollars bullshit.
 
First, its great news to finally be free of the daily bs of the deadlines and etc....but i do have some questions they all seem to be related...

1. The 470 million debt off the balance sheet..how is that helping? And how much is still owed?...i heard yrc owed 1.5 billion

2.the 950 million revolving credit..is that maxed out?

3.the 47o million again was that off the revolving credit so they have 500 million available to borrow off of..

I'm still very concerned..its great that yrc passed this hurdle but it looks like from wht i see there are more deadlines to come and we will probably post another loss for the 4th quater and 1st quarter and if this revolving credit is avail....i would feel more confidant in yrc's longevity

As far as the revolver.The 106 million is what is left on there.They will probably have access to it after the 5th,as that is when this deal is supposed to close.Yes,we still have app. 1.1 billion in debt,and right again,we still have other payments coming in the spring.Bottom line is we still need to now show some profit from moving frt,and not from selling property,axing managements wages,and laying off drivers.If they dip into the revolver line of credit to pay bills and wages,to me it is like making your house payment with a credit card.
 
:Off-Topic:Go out and Relax for one night its New Years we have been given the best news for right now. Sit back take a few deep breaths and be Thankful. Yesterday we where all looking at closure. For today we got it.
 
As far as the revolver.The 106 million is what is left on there.They will probably have access to it after the 5th,as that is when this deal is supposed to close.Yes,we still have app. 1.1 billion in debt,and right again,we still have other payments coming in the spring.Bottom line is we still need to now show some profit from moving frt,and not from selling property,axing managements wages,and laying off drivers.If they dip into the revolver line of credit to pay bills and wages,to me it is like making your house payment with a credit card.

excellent post
 
As far as the revolver.The 106 million is what is left on there.They will probably have access to it after the 5th,as that is when this deal is supposed to close.Yes,we still have app. 1.1 billion in debt,and right again,we still have other payments coming in the spring.Bottom line is we still need to now show some profit from moving frt,and not from selling property,axing managements wages,and laying off drivers.If they dip into the revolver line of credit to pay bills and wages,to me it is like making your house payment with a credit card.

This pretty much says it all.While it`s good news that the debt for stock deal went through,the same man(Zollars)that put YRC in this position,is still at the helm.A fresh start with competent leadership is needed to move YRC forward in this environment that`s out there today.The same leadership could possibly burn through this 106 million and YRC could end up in the same position it was in last week.I`ve heard talk (rumors)that Zollars is retiring the first of the year.For YRCs sake,I hope that`s true.They need freight people running the company,not accountants or bean counters.But regardless,it`s good news today,so lets forget YRCs problems for today and enjoy NEW Year`s Day.It`s a new year and hopefully a better one.
 
This pretty much says it all.While it`s good news that the debt for stock deal went through,the same man(Zollars)that put YRC in this position,is still at the helm.A fresh start with competent leadership is needed to move YRC forward in this environment that`s out there today.The same leadership could possibly burn through this 106 million and YRC could end up in the same position it was in last week.I`ve heard talk (rumors)that Zollars is retiring the first of the year.For YRCs sake,I hope that`s true.They need freight people running the company,not accountants or bean counters.But regardless,it`s good news today,so lets forget YRCs problems for today and enjoy NEW Year`s Day.It`s a new year and hopefully a better one.

just remember that 7 out of the 9 board members will be replaced by the bondholders and they will more than likely vote :shit:head out and bring in some real freight blood to make yrc a well oiled machine.......Anyway i will be buying the stock on Wed. the 6th of Jan. and hopefully will enjoy that ride upppppppppp.............Happy New Year to all and to all a good nite..........:clap::clap:
 
just remember that 7 out of the 9 board members will be replaced by the bondholders and they will more than likely vote :shit:head out and bring in some real freight blood to make yrc a well oiled machine.......Anyway i will be buying the stock on Wed. the 6th of Jan. and hopefully will enjoy that ride upppppppppp.............Happy New Year to all and to all a good nite..........:clap::clap:

I hope you`re right and That this move will make this company solvent and profitable so everyone can retire from here when they have their time in.Happy New Year.
 
bond holders

ok, now that the bond holders are in control.. ? Are they out to run a truck company or get there dollars back...Just a? I had... They layed off 4 more @381 thur.. Wonder how we are going to movin freight .. bill count is very stable for the most part over the last several months .. Two of our bigger shippers have promised up to 90% of there shipments starting in Jan,2010..
 
just remember that 7 out of the 9 board members will be replaced by the bondholders and they will more than likely vote :shit:head out and bring in some real freight blood to make yrc a well oiled machine.......Anyway i will be buying the stock on Wed. the 6th of Jan. and hopefully will enjoy that ride upppppppppp.............Happy New Year to all and to all a good nite..........:clap::clap:

You do realize that there are over 5mil. shares of preferred out there than convert to 220 shares of common for each. Over a billion shares worth of dilution. Current shares are hard to value right now, but I would put their value around 10 to 15 cents a share at best. I am not a financial expert, but I did sleep at a Holiday Inn Express last night.
 
<snip>
They need freight people running the company,not accountants or bean counters.
<snip>

They need freight people running the companies - YRC, Holland, New Penn, etc. - and they need accountant/business types running the corporation - YRCW. There is a difference.
 
They need freight people running the companies - YRC, Holland, New Penn, etc. - and they need accountant/business types running the corporation - YRCW. There is a difference.
Now if we can just get YRCW to do theirs and let us do ours. :shift:
 
Next hurdle....April 15 2010 .... 45 million (in Cash) needed for the remaining USF notes
Borrowing ,swapping, monthly payments not gonna work this time...
Two ways to pay it
1 showing profit (at least 45mil)
2 MORE CUTS would not surprise me if &quot;temporary&quot; mgmt wage cuts get extended giving YRC a reason to ask rank and file to share the pain (equal sacrifice)
Is the THIRD round of concession around the corner???HOPE NOT
 
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