Everyone gets so hung up on stock price and investors. I suggest those who are so knowledgeable on investments go to any stock site and do some research. One of the best indicators of any company is who owns shares. Take a look at institution’s that own(%). These are the big boys the ones that invest millions for funds and insurance companies. If YRCW was as bad as so many portray, then why do they have such strong institutional ownership?
Look at it this way. If you are a small business and take company info to several CPA’S each one will come up with different scenarios to avoid taxes, or show a profit for potential investors.
Think about that.................................. you want to show less profit for tax purposes but more profit for investors? That is one fine line to walk. What is first thing bank wants before lending money TAX RETURNS. Not to mention report to SEC, yes you can say there has been some cooking going on, but until there are criminal charges, they are just that, talk.
Maybe it is good Jamie is back, maybe not.
In the end anyone, including myself who ever thought the end game was not total consolidation was pretty naive. My two cents is I don’t want to see it, although from being more efficient and reducing waste(multiple carriers going to customer each picking up or delivering one pallet) it is probably a necessary evil that we all must accept.
Stay tuned 20/20 I am sure we will see changes.