YRC Worldwide Inc (YRCW)

[yesmistermorningstar]

Avenue Capital’s Foley Recommends Avaya, YRC, Meritor

Foley said shares of U.S. trucker YRC Worldwide could double in the next few years and Meritor’s stock may increase 50 percent in the next 18 months.

“We’re deep in an expansionary phase of credit in the last 18 months to two years, which will lead for an opportunity for us in activity in 2015,” Foley said.

Foley said Avenue was involved in the recapitalization of YRC Worldwide, which should benefit from a U.S. economic recovery as it has no overseas exposure, solid freight fundamentals and its refinancing.

http://www.bloomberg.com/news/2014-10-23/avenue-capital-s-foley-recommends-avaya-yrc-meritor.html

http://www.businessweek.com/news/2014-10-23/avenue-capital-s-foley-recommends-avaya-yrc-meritor