My Take...YRC Conference Call

[bubbadog121]

Just thought I would give you a summary of the YRC conference call this am.

Some things that caught my attention were Bill Zollars comments that we have "turned a corner" and that the "worst is behind us".

He said that the change in operations would effect about 28,000 lanes and that the change in operations would not be felt to the bottom line until the third quarter.

The other area that caught my attention were the preferred carrier comments.As you know in this contract YRC is allowed to farm out a certain percentage of rail work to a preferred carrier.During the conference call they indicated that the carrier that is handling this work so far is Glenn Moore.They have about 20 teams in place to expedite the rail shipments and anticipate having 4% of the rail miles being performed by Glenn Moore.They also stated they do not anticipate using any other carriers at this point.

Zollars said that they reduced overhead cost by $40 million and are anticipating a .30 to .40 cents per share earnings in the second quarter with near the same volume levels we have had in the first quarter and are not anticipating any help from an improved economy.

Zollars also continued his praise of New Penn in that they are able to remain profitable despite the economy.

At the time of my writing this YRC stock was up $3.85 per share to $16.81 which would indicate that the street liked what he had to say.

[mustache]

Just thought I would give you a summary of the YRC conference call this am.

Some things that caught my attention were Bill Zollars comments that we have "turned a corner" and that the "worst is behind us".

He said that the change in operations would effect about 28,000 lanes and that the change in operations would not be felt to the bottom line until the third quarter.

The other area that caught my attention were the preferred carrier comments.As you know in this contract YRC is allowed to farm out a certain percentage of rail work to a preferred carrier.During the conference call they indicated that the carrier that is handling this work so far is Glenn Moore.They have about 20 teams in place to expedite the rail shipments and anticipate having 4% of the rail miles being performed by Glenn Moore.They also stated they do not anticipate using any other carriers at this point.

Zollars said that they reduced overhead cost by $40 million and are anticipating a .30 to .40 cents per share earnings in the second quarter with near the same volume levels we have had in the first quarter and are not anticipating any help from an improved economy.

Zollars also continued his praise of New Penn in that they are able to remain profitable despite the economy.

At the time of my writing this YRC stock was up $3.85 per share to $16.81 which would indicate that the street liked what he had to say.

YRCW stock closed Thursday at $12.96, it opened Friday at $14.74, had a day Low of $14.73, a day High of $17.80, & closed at $17.10. Hasn't done this well in some time, i would agree, the street did like what Zollars had to say.You may follow the stock at Online Discount Brokers, Online Stock Trading, Stock Investing, Mutual Funds, IRA - Scottrade Mustache retired Roadway:smilie_132:

[thegr8one]

So how long you think the stocks will stay there? I say by next week we'll be on a downward spiral.

[bubbadog121]

YRCW stock closed Thursday at $12.96, it opened Friday at $14.74, had a day Low of $14.73, a day High of $17.80, & closed at $17.10. Hasn't done this well in some time, i would agree, the street did like what Zollars had to say.You may follow the stock at Online Discount Brokers, Online Stock Trading, Stock Investing, Mutual Funds, IRA - Scottrade Mustache retired Roadway:smilie_132:

I love Scott Trade
I just wish I brought at @ $11.50 or so!

[bubbadog121]

So how long you think the stocks will stay there? I say by next week we'll be on a downward spiral.

It's hard to say.
The thing that kinda dissapointed me was my hope for a take over.If the stocks stay up then Zollars just cost any prospective buyer big $$$$!

[Vwaggs]

I thought it was interesting the way they ended the call. Wolf asked a question, they bounced around an answer, then announced no one else had questions and they were done. I wonder if Wolf had more questions, or they were afraid he did and wanted the call to end.

[bubbadog121]

I thought it was interesting the way they ended the call. Wolf asked a question, they bounced around an answer, then announced no one else had questions and they were done. I wonder if Wolf had more questions, or they were afraid he did and wanted the call to end.

I didn't hear that part?
What I heard was Wolf thank them for their time and then the last caller, Jason, never responded when called upon.

[RETLbackontrack]

Just thought I would give you a summary of the YRC conference call this am.

Some things that caught my attention were Bill Zollars comments that we have "turned a corner" and that the "worst is behind us".

He said that the change in operations would effect about 28,000 lanes and that the change in operations would not be felt to the bottom line until the third quarter.

The other area that caught my attention were the preferred carrier comments.As you know in this contract YRC is allowed to farm out a certain percentage of rail work to a preferred carrier.During the conference call they indicated that the carrier that is handling this work so far is Glenn Moore.They have about 20 teams in place to expedite the rail shipments and anticipate having 4% of the rail miles being performed by Glenn Moore.They also stated they do not anticipate using any other carriers at this point.

Zollars said that they reduced overhead cost by $40 million and are anticipating a .30 to .40 cents per share earnings in the second quarter with near the same volume levels we have had in the first quarter and are not anticipating any help from an improved economy.

Zollars also continued his praise of New Penn in that they are able to remain profitable despite the economy.

At the time of my writing this YRC stock was up $3.85 per share to $16.81 which would indicate that the street liked what he had to say.

All that being said, it almost seems like a drastic gamble..pushing all our chips in the pot and gambling that we deliver on our promise of .30 to .40 cents per share knowing the economy seems to be getting worse every week. If we fail to meet make it my guess is YRC will get ripped to pcs by the market..

[t-scan]

operating ratios yfs 100 roadway 100usf holland 108 new penn 89 reddaway same as holland not to good t.k.scanlon stl city

[imported_deadhead]

it's good to see even under the yrc umbrella new penn still stays under 90