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Jeff

Jeff

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[h=1]YRC Worldwide Launches Credit Agreement Amendment[/h]
OVERLAND PARK, Kan., Sept. 16, 2014 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (Nasdaq:YRCW) today announced that it has launched an amendment to its Term Loan Credit Agreement (the "Credit Agreement") to revise its leverage ratio covenant from the third quarter of 2014 through the fourth quarter of 2016.

Read more: YRC Worldwide Launches Credit Agreement Amendment - NASDAQ.com
 
Jeff said:
[h=1]YRC Worldwide Launches Credit Agreement Amendment[/h]
OVERLAND PARK, Kan., Sept. 16, 2014 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (Nasdaq:YRCW) today announced that it has launched an amendment to its Term Loan Credit Agreement (the "Credit Agreement") to revise its leverage ratio covenant from the third quarter of 2014 through the fourth quarter of 2016.

Read more: YRC Worldwide Launches Credit Agreement Amendment - NASDAQ.com
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And this POS STILL cant make its financial goals. Hey Welch they are calling for another bad winter! Keep lowering the bar. What a ******* joke.
 
Jeff said:
[h=1]YRC Worldwide Launches Credit Agreement Amendment[/h]
OVERLAND PARK, Kan., Sept. 16, 2014 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (Nasdaq:YRCW) today announced that it has launched an amendment to its Term Loan Credit Agreement (the "Credit Agreement") to revise its leverage ratio covenant from the third quarter of 2014 through the fourth quarter of 2016.

Read more: YRC Worldwide Launches Credit Agreement Amendment - NASDAQ.com
Click to expand...
The table setting begins.
 
I've never seen a perceived flailing company with plenty of charity financially stay in business so long.Last time we all heard.We were going out of business back in 2009
 
This company is supported by worker donations, and U.S. citizen 401K money. I think the boys at the top of this company are looking for a place to go where the law will not find them. What they have been doing the past several years is to go through and out of court bankruptcy process where YRC is in control of the financials, instead of a bankruptcy court. They make more money for themselves this way IMO.
 
yrc-atm said:
And this POS STILL cant make its financial goals. Hey Welch they are calling for another bad winter! Keep lowering the bar. What a ******* joke.
Click to expand...
Wheres the new equipment & technology that Welch promised as soon as the last mou was voted in? I see no difference between him & Zollars....
 
They Make More Money For Themselves?

crusher said:
This company is supported by worker donations, and U.S. citizen 401K money. I think the boys at the top of this company are looking for a place to go where the law will not find them. What they have been doing the past several years is to go through and out of court bankruptcy process where YRC is in control of the financials, instead of a bankruptcy court. They make more money for themselves this way IMO.
Click to expand...

Funny you should say that crusher...

Compensation Information for James L. Welch , Chief Executive Officer of YRC WORLDWIDE INC | Salary.com

:chairshot:
 
SO...you just give a drunk sailor a bigger bottle to drink from just before he sobers up?........Cheez.......KK
 
yrc-atm said:
And this POS STILL cant make its financial goals. Hey Welch they are calling for another bad winter! Keep lowering the bar. What a ******* joke.
Click to expand...



"operating income of approximately $22 million to $27 million for the third quarter of this year," said Jamie Pierson, "

NOW WAIT A MINUTE....did he just say that in this story?
Hey, I hope it does, but we just made $300,000 in the 2nd Q, and he predicts an operating income of $22M-$27M for the 3Q after MANY employees are sitting home and freight is off and drivers are held up in hotels on layover??

Where did all that freight come from? WTF?

If you notice on this report is shows it as being read in "thousands"....look again....so is it $22M....OR....$22 thousand?.....KK
 
Cautionary Statement

Although the company has not yet completed the third quarter of 2014, which will end on September 30, 2014, the preliminary financial and operational information included in this news release reflects management's estimate of results based on currently available information. There can be no assurance that these estimates will be realized, and estimates are subject to risks and uncertainties, many of which are not within the company's control. [Accordingly, you should not place undue reliance upon this preliminary financial and operational information

Then why bother putting it out?.....KK
 
Another credit amendment after we just agreed to a 5 year of screwing ??? guess what sheep they will be back asking for more givebacks by Xmas time or for sure before 2016 when this joke amendment is to go till ??? banks got to be loving the high FEES & RATES we are paying $$$$$$$ , you ever notice yrc can not go one whole year with out credit problems $$$$$$
 
BB&T Capital analyst Thomas Albrecht reiterated a Buy rating and $40 price target on YRC Worldwide (NASDAQ: YRCW) after the company launched a credit agreement amendment to revise its leverage ratio from Q3'14 through Q4'16. YRC projected that it would be in compliance with its old leverage covenant ratio of 5.0x.

Albrecht commented, "We believe this proactive move is smart, removes significant uncertainty from the market and allows employees and investors to focus on driving operational and yield improvements. With the stock having gone from the upper $29.17 in early July to under $20 and with a common sense set of operational initiatives being rolled out, we reiterate our Buy rating."

YRC Worldwide (YRCW) Credit Amendment Removes Uncertainty, BB&T Capital Says
 
Kennesaw Kid said:
Cautionary Statement

Although the company has not yet completed the third quarter of 2014, which will end on September 30, 2014, the preliminary financial and operational information included in this news release reflects management's estimate of results based on currently available information. There can be no assurance that these estimates will be realized, and estimates are subject to risks and uncertainties, many of which are not within the company's control. [Accordingly, you should not place undue reliance upon this preliminary financial and operational information

Then why bother putting it out?.....KK
Click to expand...

That kind of cautionary statement is required by the SEC for all publicly traded companies when they project future operating results. No news here.
 
GO40 said:
Wheres the new equipment & technology that Welch promised as soon as the last mou was voted in? I see no difference between him & Zollars....
Click to expand...

They also said the Ridge Sox would win the pennant by this year if we all kept buying season tickets so they could use the. $$$ for better players, and we see where that's going$$$$
 
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