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Yellow | Big rally for YRC Worldwide after credit agreement revision

While it did rally...it is NOWHERE near the $28.75 a share the day JW sold a block of it....days before the 2 Q results were announced....so it is still off by $5.39 per share from 90 days ago....KK
 
Kennesaw Kid said:
While it did rally...it is NOWHERE near the $28.75 a share the day JW sold a block of it....days before the 2 Q results were announced....so it is still off by $5.39 per share from 90 days ago....KK
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Buy on the dips, sell on the highs. Do that enough times and you won't have to go to work anymore! :biglaugh:
 
Kennesaw Kid said:
While it did rally...it is NOWHERE near the $28.75 a share the day JW sold a block of it....days before the 2 Q results were announced....so it is still off by $5.39 per share from 90 days ago....KK
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Do you remember why that sale was made? It wasn't under his control. I posted this on July27th.

Not exactly true. What was sold off was a mandated sale of shares to meet the withholding requirements for the options granted to him in 2011 and 2013. He had no choice to make in the sale.

( 1) On July 22, 2014, 30,601 restricted shares of Mr. Welch's Company stock, granted December 2, 2011, vested. On July 22, 2014, Mr. Welch automatically surrendered 14,215 of the 30,601 newly-vested shares to the Company to satisfy the tax withholding obligations triggered upon the July 22nd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
( 2) On July 22, 2014, 2,442 restricted shares of Mr. Welch's Company stock, granted February 26, 2013, vested. On July 22, 2014, Mr. Welch automatically surrendered 1,135 of the 2,442 newly-vested shares to the Company to satisfy the tax withholding obligations triggered upon the July 22nd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
 
Triplex said:
Do you remember why that sale was made? It wasn't under his control. I posted this on July27th.

Not exactly true. What was sold off was a mandated sale of shares to meet the withholding requirements for the options granted to him in 2011 and 2013. He had no choice to make in the sale.

( 1) On July 22, 2014, 30,601 restricted shares of Mr. Welch's Company stock, granted December 2, 2011, vested. On July 22, 2014, Mr. Welch automatically surrendered 14,215 of the 30,601 newly-vested shares to the Company to satisfy the tax withholding obligations triggered upon the July 22nd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
( 2) On July 22, 2014, 2,442 restricted shares of Mr. Welch's Company stock, granted February 26, 2013, vested. On July 22, 2014, Mr. Welch automatically surrendered 1,135 of the 2,442 newly-vested shares to the Company to satisfy the tax withholding obligations triggered upon the July 22nd vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
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You must have stayed at a Holiday Inn Express on 7/26!:duh::hysterical:
 
ok sounds good to pump up the price , BUT don't the banks & lenders have to agree to this new credit amendment too ?? not just yrc saying we want to do this ??
 
wongway said:
ok sounds good to pump up the price , BUT don't the banks & lenders have to agree to this new credit amendment too ?? not just yrc saying we want to do this ??
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I would guess the banks already told Welch they could do this, and let them announce it as if he, or Mr. Need-A-New hair style came up with it$$$$ I don't believe they can make too many money decisions without first running it by the only people making any money off this whole fiasco !!!
 
BIG R GUY said:
I would guess the banks already told Welch they could do this, and let them announce it as if he, or Mr. Need-A-New hair style came up with it$$$$ I don't believe they can make too many money decisions without first running it by the only people making any money off this whole fiasco !!!
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Does that prove that the company doesn't need our votes for or against?
 
Kennesaw Kid said:
The rally did not last for long, did it?.....KK
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Oh, come on now, everyone with any hutzpah sells on a rally and buys on a retreat.

The economy is in the pooper and the market is at record highs.

YRCW isn't worth anything. It's all about buying on the lows and selling on the highs, PERIOD!
 
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