Freightmaster1
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https://seekingalpha.com/article/43...campaign=rta-stock-article&utm_content=link-2
While some investors may see YRCW as a company that was well on its way out of business long before this COVID-19 induced economic downturn, the arguments presented in this article dispute those views. Further, the substantial volume of supporting evidence proves that YRCW’s has come a long way since the 2008 financial crisis. The fact remains, management was in process of executing a massive multi-point and multi-year strategy, and far along on the path towards achieving sustainable profitability precisely when the pandemic hit.
Yet despite all the publicly available material presented throughout this article, speculators continue to mistakenly write the company off as though the entire $700 million CARES Act loan were simply to plug a hole in their payroll. Watching the shares peak at $4.50 in pre-market trading and sell off below $3 immediately following the CARES Act loan announcement was absolutely baffling. The following week, NASDAQ regulators had to add the company ticker to their short sale-related circuit breaker twice due speculative attack on the shares. Though daily short interest has declined to 10% from the +21% observed throughout June and July, speculators continue to take the stock down after every positive announcement for no apparent reason.
So, why exactly are the shares trading so erratically and seemingly detached from reality? As stated multiple times throughout this article, Centaur Investments believes it is due to a serious case of collective cognitive bias that dates back to the 2008 financial crisis. The bias is so widespread, even experienced industry insiders believe in serious misconceptions about the company.
Here's Part 1 of a thorough analysis of YRCW. Excerpts from the analysis are above. Check it out!
While some investors may see YRCW as a company that was well on its way out of business long before this COVID-19 induced economic downturn, the arguments presented in this article dispute those views. Further, the substantial volume of supporting evidence proves that YRCW’s has come a long way since the 2008 financial crisis. The fact remains, management was in process of executing a massive multi-point and multi-year strategy, and far along on the path towards achieving sustainable profitability precisely when the pandemic hit.
Yet despite all the publicly available material presented throughout this article, speculators continue to mistakenly write the company off as though the entire $700 million CARES Act loan were simply to plug a hole in their payroll. Watching the shares peak at $4.50 in pre-market trading and sell off below $3 immediately following the CARES Act loan announcement was absolutely baffling. The following week, NASDAQ regulators had to add the company ticker to their short sale-related circuit breaker twice due speculative attack on the shares. Though daily short interest has declined to 10% from the +21% observed throughout June and July, speculators continue to take the stock down after every positive announcement for no apparent reason.
So, why exactly are the shares trading so erratically and seemingly detached from reality? As stated multiple times throughout this article, Centaur Investments believes it is due to a serious case of collective cognitive bias that dates back to the 2008 financial crisis. The bias is so widespread, even experienced industry insiders believe in serious misconceptions about the company.
Here's Part 1 of a thorough analysis of YRCW. Excerpts from the analysis are above. Check it out!
to wash em down !!