What's new

Yellow | YRC Worldwide shareholder vote on track for Feb. 17

what exactly does it mean Jeff??
If they put 2 bill shares and then split the stock reducing the common stock will that mean once they split the actual numbers of common will be reduced?
 
Diggin said:
what exactly does it mean Jeff??
If they put 2 bill shares and then split the stock reducing the common stock will that mean once they split the actual numbers of common will be reduced?
Click to expand...

Don't get me to lying driver, I have no idea
 
8:45 (Dow Jones) JPMorgan downgrades Con-Way (CNW) to neutral from overweight, calling the trucking company's near-term earnings outlook "grim." Firm says the driver is shipping prices for less-than-truckload freight, which it predicts are "unlikely to improve over the next several quarters." Also says if YRC Worldwide (YRCW) makes it through the "seasonally lean" 1Q, "we suspect that its presence will make higher LTL prices very difficult to achieve in 2010." Slashes CNW target to $30 from $43 and halves 2010 EPS view to 90c from $1.80. CNW down 2.5% premarket to $32.00.
 
To complete the bondholder deal, The company had to allow the shareholders to vote. Once the vote passes, they are going to wipe out any value in the stock (1.00 value to .01 value) after that they will split the stock, which reduces the number of shares. Lower number of shares = higher stock price..If you own 1000 shares at 1.00 per share(1000bucks invested)

After the split you will own 250 shares at 4.00 bucks per share(1000 bucks invested) They have to get the price high enough to keep it listed on the stock exchange.

This is good news


An example of what they are doing is in AIG. That stock did a simular thing last april or may
 
After the split, Because they have not given the exact split ratio. The risk of loss is much greater to buy before the split since the price of the stock is still a big question. The price needs to time to settle down before I would buy it.
 
WildHorses said:
so, in your opinion, if a person was going to buy would it be better to buy now, or after the split, and why?
Click to expand...
DO NOT BUY NOW!! After Feb. 17 they are going to "increase the amount of authorized shares of common stock from 125 million to 2.005 billion" but the value of the company stays the same. So if the company value is the same and there are a lot more shares the value of the shares must decrease to equal out. Like sacarstice b said "Once the vote passes, they are going to wipe out any value in the stock (1.00 value to .01 value). So if you bought stock before the introduce the bill it will be worth almost nothing after they introduce the new shares. For every one dollar of stock you own it will be worth one cent. If I owned now stock I would sell it now and buy it back after the new shares are authorized. BUT BE WARNED I have no financial eduction but I actively trade stocks and would definitely not buy now.

I do not work for yrc but I am not your enemy, Led
 
led said:
DO NOT BUY NOW!! After Feb. 17 they are going to "increase the amount of authorized shares of common stock from 125 million to 2.005 billion" but the value of the company stays the same. So if the company value is the same and there are a lot more shares the value of the shares must decrease to equal out. Like sacarstice b said "Once the vote passes, they are going to wipe out any value in the stock (1.00 value to .01 value). So if you bought stock before the introduce the bill it will be worth almost nothing after they introduce the new shares. For every one dollar of stock you own it will be worth one cent. If I owned now stock I would sell it now and buy it back after the new shares are authorized. BUT BE WARNED I have no financial eduction but I actively trade stocks and would definitely not buy now.

I do not work for yrc but I am not your enemy, Led
Click to expand...

If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
 
electraglideatl said:
If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
Click to expand...
Thats probably why they already have a plan to bypass the shareholders. My guess is this way would be easier, you never know unless you try. This is way above my paygrade so your guess is better than mine.
 
electraglideatl said:
If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
Click to expand...

They will vote till they get it right:Bondage: no matter how many times it takes...:icon_dance:
 
Thats how a 1 for 5 reverse splits works,...although that ratio might be a little wishful thinking,it could go to like 7-10 for one,or higher,i guess well see how it plays out..very risky investment to be in at this particular time though.Good luck to all.
 
electraglideatl said:
If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
Click to expand...

The shareholders are screwed. They are not actually voting on if it will happen just how it happens. This article is confusing but is the only one I could find. YRC Worldwide sets rules for voting on stock issue - Yahoo! Finance Like I said I am not an expert. Talk to a finacial adviser before you buy or sell yrcw stock. They will give you free advice if you open an account. I just hate to see a guy lose money over this crap.

Led
 
electraglideatl said:
If all of this is true then why would any share holder at the Feb. 17th meeting vote yes?.........It only seems they would be cutting their own throats if they own thousands and thousands of shares and would walk away with nothing.........doesnt make sense........Jmo.........
Click to expand...
Well the stock holders are taking a chance for a turn around. They can do whatever they want with YRC. If they feel that nothing will come of YRC, they will sell or spin YRC off to make their profit/money. Before they would even file for Chapter 11 and take a loss, IMO.
 
Who do you think owns the company right now ? We are a publicly traded company ! We have always been OWNED by the stock holders !
Italian Style said:
Well the share holders are taking a chance for a turn around. Once the share holders get the keys on owning this company. They can do whatever they want with YRC. If they feel that nothing will come of YRC, they will sell YRC off to make their profit/money. Before they would even file for Chapter 11 and take a loss.
Click to expand...
 
You must log in or register to reply here.
Top