Yellow | YRC Reports Continued Losses in 1Q

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We are maintaining our fair value estimate and uncertainty rating of very high at this time, although it appears that YRC will survive 2010. The firm has liquidity consisting of cash and cash equivalents of $130 million and unrestricted availability of $4 million on its $950 million revolving credit facility, as well as a $107 million unused revolver reserve. Management indicated that it expects to turn EBITDA-positive during the second quarter.
http://torontostar.morningstar.ca/globalhome/industry/news.asp?articleid=336286
 
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