Analysts detail YRCW 2017

Discussion in 'YRC Freight' started by falconfan, Aug 9, 2017.

  1. falconfan

    falconfan Well-Known Member

    Messages:
    3,098
    Likes Received:
    3,903
    aztec warrior and wongway like this.
  2. BIG R GUY

    BIG R GUY Owner of Patel Hat And Canvas LLC.

    Messages:
    8,043
    Likes Received:
    8,943
    Reading the article rather quickly there F, it seems to say they still need to cut costs, because their interest rates will be rising some... wonder how much more it will be in a yearly increase of interest dollars?
     
    aztec warrior, wongway and falconfan like this.
  3. falconfan

    falconfan Well-Known Member

    Messages:
    3,098
    Likes Received:
    3,903
    I need to read all of it also I just glanced but there is lots of info.
     
    aztec warrior and albag like this.
  4. yrc-atm

    yrc-atm commodities relocator

    Messages:
    4,233
    Likes Received:
    2,841
    aztec warrior and wongway like this.
  5. BIG R GUY

    BIG R GUY Owner of Patel Hat And Canvas LLC.

    Messages:
    8,043
    Likes Received:
    8,943
    I would like to have just 1 year of that less interest in my yellow piggy bank...
     
  6. wongway

    wongway -15% Pay , Never forget

    Messages:
    3,815
    Likes Received:
    3,216
    Oh No , NOT Higher Interest Rates again , Gee guess we better bump it up to -20% in 2019 yes sheep !!
     
  7. falconfan

    falconfan Well-Known Member

    Messages:
    3,098
    Likes Received:
    3,903
    YRC Worldwide entered into a new debt agreement in 2Q17. As a result, the company expects its interest expenses to rise ~1.0% going forward.

    Well, 1% of a billion is 10 million so if debt is 980 million ,if it's a flat annual increase of 1% and not amortized monthly or quarterly it would rise 9.8 million.
     
    Havoc, bigtruk_us, wongway and 2 others like this.
  8. bigtruk_us

    bigtruk_us Well-Known Member

    Messages:
    5,283
    Likes Received:
    1,051
    Or another mou scam vote
     
  9. Shutter Down

    Shutter Down Active Member

    Messages:
    110
    Likes Received:
    53
    Your money going to banks and management just as planned.
    #BaaBaaBaa
     
  10. SamHouston

    SamHouston Member

    Messages:
    79
    Likes Received:
    86
    Interesting that the spin on the refinance was a good thing because they got it done early. But just so we're clear nobody ever went to the bank early to refi at a higher rate.....except YRC of course. You only do that when you foresee a headwind, which would be the contract.
     
    the5tolls likes this.
  11. Triplex

    Triplex Experienced stalker

    Messages:
    9,838
    Likes Received:
    8,131
    The Fed has started to raise interest rates. It's possible - I don't know for sure - that YRC did this to lock in the rate now before the interest rates increase even more. Of course anger at the company will totally block any rational thought/discussion about this.

    https://www.washingtonpost.com/news...idence-in-the-economy/?utm_term=.ee41d33058db
     
    albag, aztec warrior and BIG R GUY like this.
  12. mysticobra

    mysticobra Just here.

    Messages:
    2,657
    Likes Received:
    3,089
    Yrc received the dysfunctional rate.
    :17142:
     
    aztec warrior likes this.
  13. muddog

    muddog Active Member

    Messages:
    169
    Likes Received:
    185
    You may be right on the interest rate aspect of it.
     
    aztec warrior likes this.

Share This Page