Analysts detail YRCW 2017

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

  1. falconfan

    falconfan Well-Known Member

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  2. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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    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?
     
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  3. falconfan

    falconfan Well-Known Member

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    I need to read all of it also I just glanced but there is lots of info.
     
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  4. yrc-atm

    yrc-atm commodities relocator

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  5. BIG R GUY

    BIG R GUY COOP Dispatch GPS Division

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    I would like to have just 1 year of that less interest in my yellow piggy bank...
     
  6. wongway

    wongway -15% Pay & Broke Pension Fund

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    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

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    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.
     
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  8. bigtruk_us

    bigtruk_us Well-Known Member

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    Or another mou scam vote
     
  9. Shutter Down

    Shutter Down Member

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    Your money going to banks and management just as planned.
    #BaaBaaBaa
     
  10. SamHouston

    SamHouston Member

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    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.
     
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  11. Triplex

    Triplex Experienced stalker

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    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
     
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  12. mysticobra

    mysticobra Just here.

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    Yrc received the dysfunctional rate.
    :17142:
     
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  13. muddog

    muddog Active Member

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    You may be right on the interest rate aspect of it.
     
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