diesel dummy
TB Lurker
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IF the worst comes around, last week is a good indication that we are in NO position to handle the amount of freight we would get.
Good lord you all seem to think that if Yrc goes out that we will not be able to handle the additional bussiness. Remember Yrc has already lost 47% of its freight, the economy is still weak and their still a lot of freight Companies out there that will swallow all that remaining freight like nothing. Not to mention January is just around the corner. I think we will be O k!
Good lord you all seem to think that if Yrc goes out that we will not be able to handle the additional bussiness. Remember Yrc has already lost 47% of its freight, the economy is still weak and their still a lot of freight Companies out there that will swallow all that remaining freight like nothing. Not to mention January is just around the corner. I think we will be O k!
Rat, Yrc will be delisted from the transportation average and will be delisted completely from the Dow Jones on 12/11/09 after the closing bell. YRC will be then be moved to the Nasdaq. :TR10driving03:
:wacko::wacko:diesel dummy
YRCW has always been listed and a part of the Nasdaq.
Dow Jones Transportation Index which consists of only 20 transportation stocks is the one that is kicking out YRCW from their index because their stock value is so low (around a nickel) that it was distorting the rest of their Index.
You have to remember that when the YRCW stock is trading at $1.00 and you take into consideration the 1 for 20 reverse split after this tender offer with the bondholders is accepted and they end up owning 95% of YRC then the other stockholders still left will actually own 5% of YRC or 0.05 cents per
new share.