Yellow | AS THE STOCKS PLUNGE.......Hang on for the RIDE

:bouncy:
Is it too late to sell my shares and retire on the income ?
No, it is not too late to sell and live off the income, but if you are planning to buy an RV, then it may be. Well wait a minute, I saw one the other day for about 300 dollars, it was small and needed some upgrades. JUST SAYING:icon_dance:
 
The stock is only 2.5% of this company....the rest of it is owned by the Investors....stock price does not matter in this case....KK
 
Don't the investors own stock? How else are they investors? Are you saying it is 97.5% bonds?
 
Convertible Bonds?

The stock is only 2.5% of this company....the rest of it is owned by the Investors....stock price does not matter in this case....KK

Aren't the bondholders holding convertible bonds that convert to common stock??? And when these bonds are converted, don't the shares/stock issued to these bondholders dilute the unrestricted outstanding shares even more, resulting in lower stock prices???

And if all this is true, how do lower stock prices help the company and/or the teamsters that still have YRCW stock in their 401k's?
 
The stock is only 2.5% of this company....the rest of it is owned by the Investors....stock price does not matter in this case....KK

Yeah the lending group ownes the other 97.5%. And unlike shareholders they can pull the plug at anytime. And at the rate that this pos "freight" company burns cash, how long do you think that will be? Oh unless our illustrious union can come up with another "equal sacrifice" "job saving" plan.
 
Keep in mind.....it has gotten down to 5 cents a share and it is still open.

Things are turning around and many are coming back from 2-3 year layoffs.

CF was at 76 cents per share when the doors closed....and it was not because of the stock price....it was because of Worker Comp Bonds.....that is why YRC is trying to get that WC cost down from $500K per day on injuries they are paying out....remember....they are self insured.

As for truck accidents, they are up to the first $6M on being self insured....it adds up.

Just had a driver who broke his leg....he will be out 5 weeks....YRC had to put up a $76,000 bound to cover him until he comes back from WC.

That is why they want everyone to work safe.....think positive....move forward.....KK
 
The stock is only 2.5% of this company....the rest of it is owned by the Investors....stock price does not matter in this case....KK

If the stock price doesn't matter then why are they doing reverse splits to get the price up as to stay on the market?
 
If the stock price doesn't matter then why are they doing reverse splits to get the price up as to stay on the market?

Exchanges set minimum share price ($1 or $2) in order to continue to be listed and traded on those exchanges.
 
Is it too late to sell my shares and retire on the income ?

for every 7,500 shares you had pre-split(both splits combined, 25 times 300), you now have one share. so, in order to afford a steak dinner at ruth's chris steak house for you and your wife, you would need to cash in 150,000+ pre-split shares. if you wanted to leave a tip, would have to cash in another 30,000 shares.
i'll waive my typical $5 advise charge, so that will save you 7,500 shares for a cup of joe.
 
Keep in mind.....it has gotten down to 5 cents a share and it is still open.

Things are turning around and many are coming back from 2-3 year layoffs.

CF was at 76 cents per share when the doors closed....and it was not because of the stock price....it was because of Worker Comp Bonds.....that is why YRC is trying to get that WC cost down from $500K per day on injuries they are paying out....remember....they are self insured.

As for truck accidents, they are up to the first $6M on being self insured....it adds up.

Just had a driver who broke his leg....he will be out 5 weeks....YRC had to put up a $76,000 bound to cover him until he comes back from WC.

That is why they want everyone to work safe.....think positive....move forward.....KK

Stock price only reflects investor confidence with a stock..
This week many of the transactions were Credit -Default Swaps..because of a 91 % chance of a default on the loans.
Next week they pay our 38 cent per hour raise in the checks.
They have no money and high interest rates (such as 10 % on 125 million)
Also they have vacations coming (which is payroll without work being done against the payroll).
Welch lies and spin talks all the time (we can make it if we do better)..Sounds like ( I can pay my mortgage off sooner if I make more money)

What a sh--it show this place is...
 
Stock price only reflects investor confidence with a stock..
This week many of the transactions were Credit -Default Swaps..because of a 91 % chance of a default on the loans.
Next week they pay our 38 cent per hour raise in the checks.
They have no money and high interest rates (such as 10 % on 125 million)
Also they have vacations coming (which is payroll without work being done against the payroll).
Welch lies and spin talks all the time (we can make it if we do better)..Sounds like ( I can pay my mortgage off sooner if I make more money)

What a sh--it show this place is...

Good post, you should win a green lollipop for that.
 
Good thing the market was closed yesterday. Maybe the break will give the stock a chance to recover from the big slide to a penny. LOL
 
The stock is only 2.5% of this company....the rest of it is owned by the Investors....stock price does not matter in this case....KK

I'm sure it matters to the stock holders what the stock price is.
 
Keep in mind.....it has gotten down to 5 cents a share and it is still open.

Things are turning around and many are coming back from 2-3 year layoffs.

CF was at 76 cents per share when the doors closed....and it was not because of the stock price....it was because of Worker Comp Bonds.....that is why YRC is trying to get that WC cost down from $500K per day on injuries they are paying out....remember....they are self insured.

As for truck accidents, they are up to the first $6M on being self insured....it adds up.

Just had a driver who broke his leg....he will be out 5 weeks....YRC had to put up a $76,000 bound to cover him until he comes back from WC.

That is why they want everyone to work safe.....think positive....move forward.....KK

How about the rest of the story about CF? How about my friend who was contacted by the worker comp department who wanted to start on his hernia claim and had him listed as a Con Way employee? How about the tax evasion on fuel they were caught charging to CF & dumping at Con Way terminals? Worker comp claims did not bankrupt CF. paid off federal judges & despicable management did.
 
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