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Yellow | What goes up … keeps going up; YRC Worldwide is the Stock to watch

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YRC Worldwide Inc. (NASDAQ: YRCW) continued to move on incredible trading fury in today’s session, roping in 35% gains with an hour to go before the closing bell.

YRC shares are up almost 100% in the last three trading sessions, overshadowing the company’s struggles to avoid bankruptcy and hinting that investors are ready for a rebound.

The bankruptcy fears pushed YRC shares down sharply earlier in the year, and despite the gains in the last few trading sessions, YRC shares are still down almost 60% year-to-date.

However, the company continues to pursue its restructuring plan, which was agreed upon in April this year. Under the plan, the company said that it will receive $100 million in exchange for handing over 97.5% of its ownership to lenders and labor union. The company also expects to improve its liquidity position further from a new asset-based loan facility likely to be completed next month.........................

Read more: What goes up … keeps going up; YRC Worldwide is the Stock to watch | Beacon Equity: Penny Stocks, Stock Alerts
 
What do they mean by "asset-based loan facility"? What assets? They don't have any. Oh, this is the $300M they didn't get when they were supposed to, so they hired Morgan Stanley to try and get it and the company "expects" to improve it's liquidity next month. Blah,blah,blah.....as far as the stock price goes, good luck to all the new bagholders.
 
There are still a few assets, and when we use the money to buy new tractors, the new tractors are the assets to back the loan, just like when the rest of us get a loan to buy a car it's asset backed.
 
How about paying the TEAMSTERS now!!

Need to pay into the health and welware pension now! Free ride has been going on long enough!!
 
Wrench97 said:
There are still a few assets, and when we use the money to buy new tractors, the new tractors are the assets to back the loan, just like when the rest of us get a loan to buy a car it's asset backed.
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The only problem with that is as soon as you drive it off the lot its value has just dropped by 1000s of dollars and you're in the hole unless you've put down a substantcial down payment.
I like the leasing, its like their stock, after a few years you've spent all that money and have nothing to show for it.
 
we get another 100 million and give 97.5 %of the ownership to the lenders and the labor union ??? Looks like we will continue to be """"The borrower is a slave to the lender"""!!!
 
For a few days it looked like Bill Zollar was a genuis. Lower wages and more work,reformed the pension plan,and new vacation and break rules. It just might be time to buy YRC stock.
 
Be careful Brothers. JP/CHASE/ROTHSCHILD own YRCW and they have been known to use 'high speed trading' computers to falsly inflate the value of stocks in order to short sell for profits.
Beware the BANK'STERS that really own the company...
 
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