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Looks like this hit 4.40 back in 2007??? Wondering if it may retrace that before years out???
Simply trying to derail YRC from its Business Right to restructure its company..ABF will loose in Federal Court as no judge will force a company to close and shut its doors so another can gain its customers base. It never ends with YRC.
Someone just Nabbed 50K shares in late hours (4:24PM)???? I did know you could still trade OTB stocks in afterhours.
Cool.. I got in a this morning @ 1.46 hope she keeps going up from here.
Good info.. Thanks
Lets just hope they get this on the market by years end and GE or someone picks it up and runs with it.. First Solar is the biggest in the space and its is trading at 137...When this takes off it should be huge.. They should list on the NASQ, do another stock offering to raise capital and go at it alone. 58 Million Float could go to 200 Million easy with this type of product who knows what it do in a couple of years.
I got in this morning..Been watching this for two weeks, it seems to be moving up steady.. Should keep going this is a perfect comapany for a buyout or merger.
I sure hope so...The Market has thrown everything at this company and it keeps on Trucking..Hope to see them get past all this and get back to the days of old.
Its always something to deal with..No matter what they do to overcome one issue something else seems to come up..Now ABF, of all the issues I am sure no one expected to have to fight with another competitor because the Union has worked to keep you going. If ABF was facing BankRuptcy they would have been giving the same considerations. Trucking is a crazzy business...
What a shame.. If this had not leaked this morning I am sure we wouldve hit 8-9 in pre market..Now I am sure someone will write an article downgrading further due to pending lawsuits...750 Million
I got back in on Friday and Man I am glad I did, it tooks some Balls to buy this thing not knowing how the vote would turn out..
God Bless all those who stood up to keep this company going...The market should run this now without hesitation.. Nothing else to stop them from turning a profit.. Should see more consolidation of terminals by years end.
I guess your source did not have all the facts after all.. :)
I am a bit concerned on this one. Got back in today after I said I would not until the vote was confirmed..No clue as to which way this one will end up..GM burned me in 08, hope this works out...
What price do you feel is a good entry for this Stock??? Do you have a email you can share??
This is a good bet long term,, just not sold on it short term.. Better safe than sorry with this one. Lets see if pull back to the .60 range before I will take a stab..
I looked in my account and it showed a plus 4.72 per share and I about pooped my pants....Thought I had finally made some money on this deal.. :( ...Still has not transered the split to the old ticker #
I might jump in tomorrow see if it pulls back a bit before hand.. Could be a good runner...20K shares may be a good entry number if it pulls back a below a buck.
I just found this one today...another poster shared this with ou TSYS yahoo board.. I will keeping an eye on it..Seems to have sold off before after hitting a buck a year ago. Will keep it on the radar..
The biggest issue facing all Trucking companies is the expense of running a fleet...This is a very expensive business. The amount of cash you have to spend out Monthly in Fuel, IFT Taxes, Tolls, Incurances, Tires oil changes, clutch repairs, winshields, Mud Flaps, TICKETS etc is beyond belief. I ran a fleet of 15 trucks for 2 years and lost 500K in the process of trying to build a trucking company.. YRC has over 50K trucks and who knows how many trailers, I would love to go inside the numbers and see just how much they spend monthly in general maintenance and fuel cost...This is a very costly business.
Shorts are playing the bring it down game on this and will most likely continue until earings in NOV. Unless we get an upgrade or two before than or another major award. If the SEC would simply ban short selling real investors would have a chance in the market. Until than its run it up and drive it down..
GL
Not a very good chart I must say....The R/S should have waited till the vote was finalized at least the price would have stayed..
I hate to rub salt in a wound but this may very well drop to 2.75 2.50 before it finally trades sideways, prior to the vote and earnings release.. Kind in this dead spiral until something is released...Hope no one increased shares on Margin.
I have been in and out of this thing for the past 6 months...held long through the drop to .11 thought to sell at .43 than decided to hold out till the R/S was published. I am scared to death of this thing..it just seems as if no one in Management seems to care one way about the investors. Its as if whatever happens happens. I got a few thousand shares back at 5.10 as it appeared to be a range that was pretty solid. Got out this morning fearing it would continue down. I am on the sidelines again, This aint Monopoly Money when its your own. Just not sure if this is going further down or will it trend back up..Seems the shorts are in control of this and will continue to drive it down till the votes are in.. Who knows.
Goood Luck to all.
Question...If the company files Chapter 7... will the Union still have to pay the pension that is already in the FUND???
Better run for cover till this thing gets approved..Can not see anyone buying into this stock with all the news about shutting down starting to air again. Not sure why the Teamsters feel the company is better off going out of business. Oh well Good Luck to all.
Wow.. I guess when you havem down you keep kicking till they stop I guess. makes no since to me.. but of course this is wallStreet at its best..
Any news coming afterhours???? It started trading like something is breaking sometime today or tomorrow morning..
When are they Voting??? anyone know...I could not find anything on the Teamsters Web-Site
That would seem correct..Which could explain why the puts are getting some action...May be a hedge against the previous Call.. who knows this is mess it seems.. The company keeps giving mixed signals..One qtr they have earned back 50 percent of the business, than we get a R/S now a doubt they can even make it even with the concessions.
My Broker explained to me this way...1.00 Call options are now 1/25th of the full contract equal to 4 shares per contract..
Any Idea as to when the Votes are being held?????
I have been down this road before...Owned 40K shares of GM in 08 and lost all when the Congress and Senate did not approve the loans for the auto industry...Everyone thought it would go through and we all got it handed to us.. I am not a basher of any company, just seems as if the plot thickens daily with this anymore..First it seemed they had a grip on things now it seems without the concessions they will not make it...Not good...there is always a chance this could not go forward....Who knows the bond holders are insured so they win regardless..If they file Chapter 11 we are screwed.
Damn this sucks...Swing trading till voted on an approved can not take the chance of it not getting approved and loosing my savings on this...Done that before and it aint pretty...
I did the same.. sold 200k still held 20k kind wanted to see which way it would go before I jump back in..I think we are going to be up and down with huge swings for a few weeks at least till the vote is finalized as well some indications of how the 3QTR. turned out.
GL to All..
This could explain the Sell Off at the close...Looks as if Motley Fool is starting the BK rumor...
The American trucking industry has been one of the hardest-hit and slowest to recover from the recession. The dearth of business and consumer activity caused volumes of goods shipped to plummet and led to significant overcapacity in the industry. In a crowed and fragmented industry with intense competition, this overcapacity led to lower pricing, cutting into whatever profits the shippers were making.
Even more daunting is the significant operating leverage that companies in this industry are forced to take on. The fixed costs to run a trucking fleet are extremely large because of the massive investments in trucks, trucking equipment, tractors, and shipping terminals for the goods.
One of the largest companies in the industry YRC Worldwide (Nasdaq: YRCWD) is one of the many companies to feel this burden, and many believe the company is on the verge of bankruptcy. While some believe this will help ease the problem of overcapacity, it speaks to the heavy weight of overleveraging.
It is important for investors to keep an eye on how trucking companies are fairing because the industry is an important economic bellwether of our economy. The trucking industry represents 68% of all tonnage freight shipments domestically. This includes consumer retail goods as well as manufacturing goods.
Measuring the slowdown
The trucking industry growth is measured by the American Trucking Association Tonnage Index, which is a survey of a wide variety of trucking and shipping companies. Some companies included in the index are Ryder (NYSE: R), Werner Enterprises (Nasdaq: WERN), Con-way Freight (NYSE: CNW), as well as FedEx (NYSE: FDX), and UPS (NYSE: UPS). So the survey includes a broad measure of economic activity in the shipping sector.
The tonnage index and the trucking companies have seen significant improvements in shipping tonnage since April of 2009, as the global economy began its recovery. However the index has begun to turn down again, and August's 2.7% drop from July represents the largest monthly decrease since the upturn began in early 2009. Bob Costello, the chief economist at the ATA, suggests that this is not a good sign. Costello said, "We fully anticipate sluggish economic growth for the remainder of this year, and the latest tonnage numbers are reflecting that slowdown."
While the decline is certainly notable, the year-to-date tonnage gain this year is still 6.2% higher than through the same period last year.
A pick for the sector
It is not easy to get behind a company with more than $417 million in long-term debt and only $7 million in cash, but as I mentioned, that's what you get in a highly leveraged industry. J.B. Hunt (Nasdaq: JBHT) may not have the best-looking balance sheet around, but it has created some valuable partnerships that have given it a competitive advantage over competitors.
J.B. Hunt has diversified its business to the point where intermodal transport now is close to 50% of the company's revenues. The company has partnered with rail transportation companies Burlington Northern Santa Fe and Norfolk Southern (NYSE: NSC) to ship goods from docks and ports to the train railheads. Railway shipping is a less expensive option for clients since less fuel and less labor is necessary for rail shipping services.
The Foolish bottom line
While the economy seems to be recovering from the recent downturn, the most recent tonnage survey hints that the trucking industry still has a long way to go, especially as overcapacity in the industry remains. In looking for investments, companies such as J.B. Hunt
Thats about right, not sure how many shares are short this right now but if this should be the game plan it could get ugly.. Went from .38 a week agon friday to .20 today.. Shorts are making the money on this deal right now no reason for them to leave it alone till they are forced to..
This is what the street is saying about YRCW..Its going to take a Yest Vote and a Loan to get this to perform the way it should.. The Teamsters agreement requires a 300 million dollar loan by Mar 2011. It might get a bit testy over the next few months...
Earlier today, Longbow Research analyst J Douglas Woodrich maintained his Neutral rating on YRC Worldwide. Woodrich also maintained his earnings estimates for the company. In his research note to investors, Woodrich said that the deal with the Teamsters and the reverse stock split announced by YRC Worldwide this week are positive, clearing the way for a replacement of current CEO Bill Zollars, who announced this week that he will retire as the CEO of the company upon successful completion of the company’s comprehensive recovery plan. Woodrich said that the initiatives taken by the company improve its long-term survival prospects. However, he added that the stock should be still avoided as the company still has sizeable debt and lackluster tonnage. Woodrich wrote that he would like to see the company win back customers and improve its package yield.
Meanwhile, Jason Seidl, an analyst with Dahlman Rose & Co. maintained his Hold rating. In his research note, Seidl expressed concerns about the substantial dilution as a result of the agreement with Teamsters. The agreement requires the company to raise $300 million in March, wrote Seidl, and also requires it to convert its debt to equity. Seidl also has doubts on whether the deal will be approved by the union’s vote.
David Ross, an analyst at Stifel Nicolaus, cut his rating on the YRC Worldwide stock from Strong Sell to Hold. Ross wrote that the reverse split will significantly reduce stock’s liquidity. He also said that the split will require investors to trade more on the company’s fundamentals, which at the moment are quite poor.
The current consensus recommendation on YRC Worldwide is Underperform. The stock has 6 Hold, 4 Underperform and 2 Sell ratings at the moment.
Read more: http://www.beaconequity.com/a-look-at-how-3-analysts-view-yrcw-and-why-2010-10-01/#ixzz118ovUo9B
Sidelines is the best thing for a few days maybe a week..Swing trading is all you will see for the most part.. This is expected after a R/S it seems to be the norm.
Long term most definately...Could be a up and down stock for the short term ..
GL to all.
I agree,,,,The union deal is big, once signed follow by Possitive 3RD QTR earnings pre anouncement it should start to move up pretty fast.. Everyone is waiting it seems to see what the vote will be..
I know the how you feel.. I sold my shares down to 20K per-split now I have 790 shares holding, waiting to swing trade this till the Teamster Agreement is a done deal.. Not really thinking it will drop much past 5.50 will most likely trade in a tight range till than. Of course this is YRC who knows what it will be doing.
I have TD ameritrade as well, showing current activity..not sure why yours would not..