realityofitall
TB Regular
- Credits
- 256
In 2018, YRC had a profit of $147 million which included $20 million profit on disposed of equipment and property.
Through the end of September 2019, YRC has LOST $88 million. For those of you who need a calculator, this means YRC looses about 2.5 million a week.
If we are to take a wild guess and say that nothing has changed, 2.5 million a week to the end of the year from 10/1 is another 35 million. Thats $123 million in losses. Again if all things are equal, you would end up with around $20 million in profits on over $5 billion in sales.
There is a real reason they brought Jamie back. Its this. Financial creativity to avoid bankruptcy. Company is only worth about $90.6 million if you count up all the unsold stock as of today.
Do not let them bs you.
Through the end of September 2019, YRC has LOST $88 million. For those of you who need a calculator, this means YRC looses about 2.5 million a week.
If we are to take a wild guess and say that nothing has changed, 2.5 million a week to the end of the year from 10/1 is another 35 million. Thats $123 million in losses. Again if all things are equal, you would end up with around $20 million in profits on over $5 billion in sales.
There is a real reason they brought Jamie back. Its this. Financial creativity to avoid bankruptcy. Company is only worth about $90.6 million if you count up all the unsold stock as of today.
Do not let them bs you.