Freightmaster1
TB Legend
- Credits
- 615
http://seekingalpha.com/article/398...tma:e90ca290eeb391d7eee4ed73f93dd0b9&uprof=51
Management is compensated to improve all three value drivers: top-line growth, margins, and asset utilization. Additionally, management is not well compensated in a change in control, implying limited event risk for credit holders. However, because of the elevated market pricing of YRCW's credit risk, any potential acquirer would likely boast a safer market pricing of credit risk. Thus, an acquisition may actually be a positive for creditors.
THE CREDITORS CONTINUE TO CALL THE SHOTS AT YRCW?!
Don't worry, be happy!
Management is compensated to improve all three value drivers: top-line growth, margins, and asset utilization. Additionally, management is not well compensated in a change in control, implying limited event risk for credit holders. However, because of the elevated market pricing of YRCW's credit risk, any potential acquirer would likely boast a safer market pricing of credit risk. Thus, an acquisition may actually be a positive for creditors.
THE CREDITORS CONTINUE TO CALL THE SHOTS AT YRCW?!
Don't worry, be happy!