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Google news on YRCW just out - headed to $1
http://www.emailwire.com/release/34989-Transportations-Stocks-Edging-Higher-YRCW-CGI-JBHT-WERN-KNX.html
More news saying we are headed to a $1.00
http://www.themarketguardian.com/2010/02/yrc-worldwide-inc-yrcw-in-play/
Enjoy your weekend! I have to run. See ya Monday!
Volume today will break all records in YRCW!
That is a HUGE sign folks. We are looking at about 120 million shares today by end of day.
Congrats on owning YRCW. Yes, hold until mid march (in my opinion) for a double.
Oh, and remember 1 thing. These message boards are just for fun. Brokers don't read them and the main thing that pushes a stock like this one up is the big boys. I can almost guarantee there is news leaking today. Good news/bad news is always leaked ahead of time and the stock reacts accordingly. Lunch time...time for the pps to take a breather and then head back up at 1:00.
If they decide to go ahead with the R/S it will be at least 60 days after the last closing of the tranche. The first tranche closed recently. We still have another to go. So, it will be at least 60 more days but if the stock price is way up, we may not need one or it will be a very small one. like 10 to 1. AIG's r/s worked out great. We would be a scenario like that too.
good luck. lots of buying today - way outpacing the sells. My broker with Wells Fargo says it is on track to get to over a dollar by March. :)
Strong buy!
Research firm CreditSights believes shares of YRC Worldwide offer "extremely compelling value" given the company's "greatly reduced" refinancing risk. The firm expects investors to adjust their view on YRC from bankruptcy candidate to the largest less-than-truckload operator in the country...........
from TOS live news ticker
For one, the closing of the last tranche. My guess is it closed already and we will see news by market close today. That and the short covering is the reason, I believe, for the nice increase today. This will continue too. We should see a steady climb back up to the .80's.
This is part a short squeeze. Many were hoping that the deal didn't go through and it did. They had been shorting the common (while owning the preferreds.) Now, they are covering. They already made out. Now the longs will make out. Congrats longs - whoever knew this was going to happen. There was an article that came out about that this was going to happen. I will try and look for it.
Yes I can. I totally love this find! What a buy!
Blowing thru resistance levels & buys outpace sells!
Here are the lists of buys vs sells:
http://ih.advfn.com/p.php?pid=trades&symbol=yrcw
It is 15 minutes behind though and the volume has gone up.
In a Feb. 5 conference call with analysts, YRC Worldwide Chairman and CEO William D. Zollars said he expects positive cash flow by the second quarter.
Check it out for yourself. This is screaming buy at this price. :)
Read this from Fitch when they upgraded YRCW last week:
http://kansascity.bizjournals.com/kansascity/stories/2010/02/08/daily50.html?ana=yfcpc
We are on better standing right now.
By the way, you said you made a bunch last year on YRCW (30K), and that was when it was on worse footing than it is now. We are safe for the rest of this year now with the new debt for 2014! So, buy some more and enjoy the ride up. I know of another company issuing a buy on this for next week (one of the penny stock - larger ones.) So, enjoy longs.
Not me. I am 100% confident after all of my research and my broker's help. Also, as I have said before SIRI and Citigroup are just two examples (of many out there) of HUGE o/s and they are both much higher than YRCW. Siri has 3.8 BILLION and Citigroup has 22.8 BILLION. Anyway, we will agree to disagree. This will see .80 in the next week.
This is oversold.
It wasn't put out there as "new" for today. It was a recap from 2 weeks ago (so, not old) to explain why this is a strong buy. It says it all for longs.
This article from Barron's says it all about YRC
http://blogs.barrons.com/stockstowatchtoday/2010/02/05/yrcws-zollars-looking-to-cash-profits-in-q2/?mod=rss_BOLBlog
When we close the last tranche in the next day or few, look for another huge pop!
Just like this one:
YRC Worldwide closes debt deal
YRC Worldwide closes first tranche of $70 million private debt offering
Shares outstanding are small compared to SIRI and Citigroup
to name just a few:
SIRI is 3.8 Billion/Citigroup is 22.8 Billion! We have a lot less shares outstanding than both and make more money than SIRI. Siri is $1.13 right now. Hope this puts it into perspective. (Citi is $3.40.)
Congrats longs on finding the best stock out there right now. Getting in now is a find of a lifetime, for sure.
:)
More good news! Does it get any better? Up tomorrrow.
http://kansascity.bizjournals.com/kansascity/stories/2010/02/22/daily29.html?ana=yfcpc
I bet tomorrow we wind up under Yahoo Community Sentiment under Bullish. (front page of yahoo finance.)
WE are on marketwatch - Mover's and Shaker's!
http://www.marketwatch.com/story/wednesdays-biggest-gaining-and-declining-stocks-2010-02-24?siteid=rss&rss=1
We are the "movers!"
Newsblaze picked up the story too:
http://newsblaze.com/story/20100223100900trho.nb/topstory.html
Hit buzz up for the article!
Shares already converted last Friday. Shorts had their chance to cover and longs the time to buy is now. See Article below:
YRC closes on first phase of financing
YRC Worldwide Inc. said it had closed on the first tranche of a $70 million private-placement offering announced earlier this month.
The Overland Park-based trucking firm said proceeds from the new financing would go toward settling obligations to bondholders with about $45 million in 2010 notes. That group did not participate in YRC's $470 million debt-for-equity swap at the end of 2009.
The first installment of the private placement will be $49.8 million, with the remaining funds contingent upon the company concluding some legal issues related to the debt-for-equity swap.
Any excess proceeds will go for general corporate purposes, the company said.
YRC said substantially all its outstanding Class A preferred stock automatically converted to common stock last Friday, two days after shareholders approved the move.
Yet ANOTHER article just out (link inside)
http://economy.kansascity.com/?q=node/6252
SIRI is 3.8 Billion/Citigroup is 22.8 Billion! We are a lot less than both and make more money than SIRI. Siri is $1.13 right now. Hope this puts it into perspective.
:)
Thanks!!!! Very nice! I hope you do well too!
NEWS out after close! Look for up day tomorrow (link)
http://finance.yahoo.com/news/YRC-Worldwide-Closes-on-First-prnews-4174454384.html?x=0&.v=1
I have around 470,000 shares, so I am just getting in. :) Looking forward to a nice, nice profit.
Bummer. I have been watching for a while and my broker didn't give me the go ahead on this one until just recently. Seems like not being in now is missing out on a great opportunity. Wish you the best.
Are you long the stock?
The upgrade is true. Read the articles below that are in bold. We are headed up people.
BUZZ up this story on YRCW to get the world to see it!
http://buzz.yahoo.com/article/1:8ccfb0687deca3b804785f66e2aa8ad1:8c7c986ca8ac12ccede69b71562f5a5f/YRC-Worldwide-YRCW-Gets-Upgraded-to-Buy?fru=1
Help get the word out that YRCW is a BUY! You have to click to see the story and then hit the buzz up button. If we get enough buzzes, it will make front of yahoo Buzz stories, which is always good.
Other sites picking up the story on the upgrade
http://newsblaze.com/story/20100223100900trho.nb/topstory.html
Strong buy!
WE GOT AN UPGRADE!!!! LINK!
http://www.kansascity.com/2010/02/22/1766596/local-stocks-analyst-upgrades.html
Back to $1
STRONG BUY! Congrats whomever bought these past few days! You will be double soon!
After hours is going crazy (volume). Unreal! We wil be up tomorrow.
News tomorrow for sure!
Going to close GREEN - GREAT Sign of turnaround!
So glad my broker turned me on to this one. I have many shares and sold others to buy more.
Good luck to all longs!
He did. I have around 470,000 shares now. :)
Seeing this until $2.