How did you take your profit, if you did not sell?
Yellow | Buying YRC Stock
- Thread starter lazylarry
- Start date
How did you take your profit, if you did not sell?
Maybe Fedex bought YRCW stock yesterday morning and got some of their losses back!
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You've been buying "every week" over time. Anything you bought prior to 3/6/11 is currently losing money. I don't get the jubilation.
I worked with a guy at Preston that bought stock every week so he could have a paid for Corvette the day he retired. Just before we closed, he sold. Got $342.00 for a career's worth.
Wish it had worked out better for the man upon retiring.
This whole LTLbusiness is a joke. I personally cant believe that FedEx and UPS joined us in this business. Think about it....the shippers call 6 different freight carriers every night to all take turns backing into 2 docks to pick up a total of 10 palletts. WE all back our near empty trailers and load a pallett or 2 each. On the delivery side its even worse. You go hunt down a residential delivery. They make you wait a half hour while they unpack some Chinese made piece of furniture, then they find some scratch in it so they refuse it. Now we get to bring it back, repack it and let some hourly paid damage clerk mess with the paperwork for 2 days. WE MADE A TOTAL OF $0.00. Now take our fuel and labor out and presto, huge quarterly losses......EVEN A THE GREAT FEDEX FREIGHT !!! If you read the history of Yellow Freight you will see even in the 'haydays' of the US economy this has never been a big profit maker in most years. Until there are less carriers and they can actually charge the proper freight rates we are ALL doomed. We have all these 'accessorial' charges that almost always get waived. These freight carriers need to charge for inside deliverys, re-delievery, sort and seg, wait and delay times and so on but right now every time we try to charge they call the salesman and complain or just call a different carrier who is unwise to the situation then in a month they call us back with a clean slate. Stupid business. Try getting charges waived with an electrician or a plumber.....they'll laugh in your face.
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turboj
Guest
I know its before noon but I think I need a shot of whiskey! Listening to all the pumping about this pos stock went up 58 cents Friday! BIG effin whoop! It went from 4.7 cent low to 7.4 cents pre-split and its time to bring out the party noise makers, cake and black label beer!!!
Its just the day traders making $50 here and 50 cents there on a worthless stock that will be going to zero(unless the kenyan gives them tarp money and the taxpayers go bananas over another bailout).
Y'all never invest in your own company, even the dumbest of professional stock brokers will tell you that.
Its just the day traders making $50 here and 50 cents there on a worthless stock that will be going to zero(unless the kenyan gives them tarp money and the taxpayers go bananas over another bailout).
Y'all never invest in your own company, even the dumbest of professional stock brokers will tell you that.
ZollarsIsSmart
TB Lurker
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My TM lost 20k The ATM lost 10k. I also know a few guys on the teamster side who lost 5-10K. The biggest lost I had heard of came from a Boss at the MLC terminal, somewhere in the neighborhood of 70k. When CF went down it was also Busy as hell. I had the most hours in the 14 years I worked there that week.
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Being busy as hell isn't necessarily good news when the more you haul, the more money you lose.
I appreciate all your ideas and views but truthfully I only buy $5 per week and I dont hardly drink or scratch any lottery tickets so I really can afford to lose it. I am actually just very glad to have a job and work everyday at YRC. Where I work is the best job in our whole town. Yellow has been good to me and we all live like kings at my house. I truly believe in our company. 99% of my coworkers work there arses off and wouldnt cheat the co. out of .05 $. We really are getting busier and I see a rebound. This company is going to survive. We actually have some brilliant people pulling strings for us in the upper management. Not to sound like a kiss as$ but if you really hate coming to work and feel the company sucks and is going under why wouldnt you just find a new job and let somebody who believes in YRC and wants (and needs....!) this job come and take your place. We're going to make it. YRC will be here in 10 years with or without all these pessimists. Lets Roll Boys We wont go down without a fight !!! FedEx Freight is losing more money than we are !!! There not as smart as they think they are.
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FedEx Freight has a lot of expenses related to the combining of their 2 freight divisions including severance packages. These are temporary. Besides, FedEx can afford to lose money on freight for decades if they choose to, YRC doesn't have that luxury.
palletmule
TB Lurker
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If you watch the evening news you will see that many air-carriers agree with your way of thinking.
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turboj
Guest
10-4 on that good buddy! Just substitute that old commercial of "Lookout fed-x, here comes Airborne"! Replace Airborne with yrc and what do you have! yrc has fed-x on the ropes!
Yup larry, yrc is so grrrreat and well run only 35,000 employees have been given their walking papers, so far.
I think you're being a hypocrite, only putting $5 a week into the stock doesn't show much confidence. Your own words are they'll be here 10 years from now so why not put a couple 100 into it, its a steal now!
PS: I'll bet you I can make more money in July with a lemonade stand infront of the house then you make in the 3rd quarter on dividends! If they're still around by the 3rd quarter! Anyways, goodluck.