Big-Foot YRC Drops the Other Shoe on Shareholders

Dockworker · #1 (**permalink**) 11-04-2009, 11:09 AM

I'm not here to spread doom and gloom, I'm just here to post the information that is spreading around the internet.

An Analysis by: John Schulz of GLG

Quote:

Embattled trucking giant YRC Worldwide is asking its shareholders to give up 95 percent ownership in the trucking company to lenders in what it calls a "final step" in its recovery plan.

Big-Foot YRC Drops the Other Shoe on Shareholders

YRC is seeking big concession by shareholders

sumo · #2 (**permalink**) 11-04-2009, 11:20 AM

From the one link...."One analyst called the deal a "train wreck hitting the school bus full of kids and nuns" for shareholders"....

Well at least that analcyst, er, analyst has an understanding of hyperbole.

I'm just glad there was no puppies or baby seals on that bus!!

imovaherenow · #3 (**permalink**) 11-04-2009, 11:23 AM

My take on this is..ok, yrc will have financial flexablity..good, yrc will be able to pay down their debt..good, but how will this help them become profitable....they cant make money..the best analogy i can think of is u inherit money to pay ur credit cards and bills, but lose ur job and have no income for a future

Box Lover · #4 (**permalink**) 11-04-2009, 12:59 PM

Quote:

Originally Posted by imovaherenow

My take on this is..ok, yrc will have financial flexablity..good, yrc will be able to pay down their debt..good, but how will this help them become profitable....they cant make money..the best analogy i can think of is u inherit money to pay ur credit cards and bills, but lose ur job and have no income for a future

You just . . . don't . . . get it, do you?

THEY'RE DOING THIS TO BUY TIME TO GET US THROUGH TO A HEALTHIER ECONOMY!

Quote:

but how will this help them become profitable....they cant make money..

This statement is complete bull

!

wolf · #5 (**permalink**) 11-04-2009, 01:05 PM

[quote=Box Lover;742534 This statement is complete bull

![/QUOTE]

One question WHY?

Box Lover · #6 (**permalink**) 11-04-2009, 01:46 PM

Quote:

Originally Posted by wolf

One question WHY?

First off, IMOVAHERENOW is at NEMF. He purposely hasn't filled out his profile, so he can drop his constant nonsense in our forum and get away with it. He is a major troll!

The statement is bull

because I can tell he is thinking like most of the doom and gloomers in this forum. He thinks that the economy has no bearing on our predicament. In other words, if the economy this year had been "firing on all cylinders," YRCW would still be losing money because of poor management or what have you.

If a poster is not intelligent enough to see that most of this stuff that YRCW is doing is designed to buy time until the economy improves, that person should stop posting and go sign on to Nickelodeon's web site to find some subjects he can understand!