Just sitting here drinking my morning coffee and doing some reading.
according to the kansas city business journal 10-8-10 , YRCW has a 221 million dollar debt payment due on the 26th of this month. Some anylists believe they will have a hard time getting an extension from their bondholoders unless they get a yes vote on the current round of concessions.
I learned last night that Estes express, who purchased alot of YRC real estate and leased it back to YRC has had some real issues getting lease payments from them, so much that they have recently begun taking delivery of 475 tractors in lieu of payment. 225 in dallas and 250 to be delivered in chicago.
The traders on wall street are not to secure with the reverse stork split either, based upon the 2.50 dollar decline in the stock since the split.
There are alot of good peolpe who are working for them and I hate to see them in a situation like this, but should the worst occur, and they close proir to the merger, would the merger go forward?
Just wondering.
according to the kansas city business journal 10-8-10 , YRCW has a 221 million dollar debt payment due on the 26th of this month. Some anylists believe they will have a hard time getting an extension from their bondholoders unless they get a yes vote on the current round of concessions.
I learned last night that Estes express, who purchased alot of YRC real estate and leased it back to YRC has had some real issues getting lease payments from them, so much that they have recently begun taking delivery of 475 tractors in lieu of payment. 225 in dallas and 250 to be delivered in chicago.
The traders on wall street are not to secure with the reverse stork split either, based upon the 2.50 dollar decline in the stock since the split.
There are alot of good peolpe who are working for them and I hate to see them in a situation like this, but should the worst occur, and they close proir to the merger, would the merger go forward?
Just wondering.