Here he is,the big investor,at least at the next begback he will say his famous words SQUEAL like a pig boy!!
duhhhhhhhh.............YRC’s stock price also rose steadily from $7.76 on May 2 to $25.70 at close on Tuesday, or a( 231 percent increase in two months), according to Google Finance......duhhhhhhhhhh!!!!
Yrc Worldwide Rating Increased to Buy at BB&T Corp. (YRCW)
Posted by Alphonse Anthony on Jul 1st, 2013
Yrc Worldwide (NASDAQ: YRCW) was upgraded by research analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a report released on Monday, TheFlyOnTheWall.com reports. The firm currently has a $40.00 price target on the stock. BB&T Corp.’s price target would indicate a potential upside of 39.13% from the company’s current price.
The analysts wrote, “high risk, but potentially high reward”
YRCW has been the subject of a number of other recent research reports. Analysts at Standpoint Research initiated coverage on shares of Yrc Worldwide in a research note to investors on Tuesday, June 25th. They set a “buy” rating on the stock. Analysts at Credit Suisse raised their price target on shares of Yrc Worldwide from $5.00 to $7.00 in a research note to investors on Tuesday, May 7th. They now have an “underperform” rating on the stock.
Shares of Yrc Worldwide (NASDAQ: YRCW) traded up 6.09% during mid-day trading on Monday, hitting $30.50. Yrc Worldwide has a 52 week low of $5.01 and a 52 week high of $25.00. The stock’s 50-day moving average is currently $17.05. The company’s market cap is $261.6 million.
Yrc Worldwide (NASDAQ: YRCW) last announced its earnings results on Friday, May 3rd. The company reported ($2.93) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($5.75) by $2.82. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted ($12.40) earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Yrc Worldwide will post $-4.82 earnings per share for the current fiscal year.
YRC Worldwide Inc (NASDAQ: YRCW) is a holding company.
YRC buying back debt securities
By Jim T. Ryan
June 26. 2013 12:32PM
YRC Worldwide Inc., the Kansas-based trucking conglomerate that owns a Lebanon-based firm, is buying back its senior notes that would mature in 2023, according to a filing with the U.S. Securities and Exchange Commission.
YRC said in the filing it’s buying back the debt securities with cash on hand for face value plus any interest accrued since the notes were issued in 2004. The company issued nearly $248 million worth of the notes that year at 5 percent interest, according to the filing.
As of June 26, there was just $269,000 worth of the notes still outstanding. Shareholders can surrender their notes beginning July 11 through Aug. 7, according to the company.
In the past, YRC relied heavily on debt financing of its operations, which significantly contributed to the company’s struggles when the recession hit trucking in 2007. Eventually, a total restructuring of its debt, labor agreements, operations and leadership helped YRC improve its business.
Most recently, the company and the Teamsters agreed on an “optimization plan” that would close some YRC Freight facilities around the country to better streamline operations and cost structures.
YRC owns a large warehouse in Middlesex Township, Cumberland County, and is the parent of Lebanon-based New Penn Motor Express Inc.
In the first quarter, YRC provided at least some indication it was on the right track. Its losses were just $21 million compared with nearly $80 million a year ago. The company is scheduled to release its second-quarter earnings on July 29.
YRC’s stock price also rose steadily from $7.76 on May 2 to $25.70 at close on Tuesday, or a 231 percent increase in two months, according to Google Finance.
YRC Worldwide trades its stock on the Nasdaq under the ticker symbol YRCW.