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Data as of 01/17/2014
YRCW 19.00
WMT 76.05
Takes 4 shares of YRC to get 1 share of Walmart.
Sorry I just can't keep my money in this bush for too long it is too hard to for me to sleep at night with this one. You guys have fun. AH volume looks pretty good.
I am still waiting for under 14.50. May recallibrate Tues if they don't end up taking it down again.
Buy the dip - If my calculations are correct, the next dip will be should be one of the safest ones yet. Goal is around 10% - so grabbing at under 14.50 with a sell order at 15.90 should work.
Trucker boards are lit up. Lots of sentiment info. Redo vote for sure. Drivers just needed to win something. With win under thier belt - they will deal. To the moon when they do if there is no more dilution. Thinking April 1st or so.
That would only be true if proceeds from liquidation were greater than secured assets. Whatever amount of money remains of the real estate is the only juice that would push BK - and that would have to exceed the amount of secured credit. Real estate values most likely lower than when credit extended.
I think EVERYONE needs company to carry on without BK. Only other alternative is buy out for dimes on the dollar and that woul only happen if labor were much more friendly than they are now.
NO BK - Only more voting with probable additional dillution.
I dunno - Seems to me they call it collective bargaining for a reason. With some of these things subject to mandatory bargaining until an impasse is reached. I don't see an impasse at this time nor do I think this has been vetted to the point of arbitration.
It would be ludicrous for the single latest vote with its terms to trigger BK in itself. The company will continue and the only way to do so is with further negotiation with labor.
As for "wiping slate clean" - I don't see any winners there other than those in the AP department. Who or what entities involved in the decision gain from this? There probably are those that benefit, I just can't figure out who they would be.
As pointed out, this week marks 50 years since the zenith of Teamster power—and freight influence was reached. BK for YRCW would mean the end of the era and the end of Welsh.
IMO - We will see another proposal and we will see another vote and it will be called the re-do vote.
Are you kidding ??? Let the employees decide if company goes BK? Guys in suits and BMWs decide that one. It baffels me that you with all your notches don't get that we just saw round one of negotiating 101.
Welsh simply put the best deal for survival on the table - union members said "deal too sweet for bankers - try again."
Of course they said that - they are a proud folk and I don't think Welsh expected a Yes vote - hoped yes - but as we all know hope is a strategy with low probabilities.
Now we have to wait for round two - and possibly round three (most likely in a year).
This is all about "face" now. Welsh has to offer something that doesn't look like he initially asked for too much and union has to vote yes to somtehing that maintains the pride they have left.
It will all work out eventually but this thing ain't going to the moon for a long, long time - you may do well to get comfortable with that fact and flip flip filp - THIS THING MOVES!
Under the table guys - not over the table. It took that kind of volume to keep it where they want it.
- The second rule in a crisis:
If you choose to bluff, you must be prepared to have your bluff called.
Now it's all about the next vote. A Do-Over ???
http://www.marketwatch.com/story/yrc-worldwide-reviewing-options-after-unsuccessful-mou-vote-2014-01-09?reflink=MW_news_stmp
"While we are disappointed in the outcome of the vote, we believe that timing of events related to our refinancing did not work in our favor. Many employees had already returned their ballots prior to December 23, the date the company announced it had a refinancing agreement in place. We believe that was information employees needed to make a fully informed decision," said YRC Worldwide CEO James Welch.
Shows 12,028 NO and 7,623 YES
January 9, 2014: Updated 6 p.m. Below is the YRCW vote count. The count is based on reports from observers and maybe subject to change
https://tdu.org/news/yrcw-contract-extension-january-2014#overlay-context=user
It looks like our volume guys have run up against some worthy resistance. Major wrestling going on right now.
Get your trigger fingers ready
https://tdu.org/news/yrcw-contract-extension-january-2014#overlay-context=user
“The unions were out strong (in 2010) trying to get people to vote yes. This time, the IBT’s got hands off,” Terranella said. “It’s going to be interesting.”
Yup - gotta be in it to win it !
In any event, this thing has been closing in on Monster status.
Easy - It's just a game.
Lasrsy - and he's all he's got is a crazy 8.
Biggest poker game in town.
No, I don't think a sample size of 300 here is going to predict anything with much accuracy Nor do I think this is a representive sample - but it is a data point - the only data point I could find regarding the vote sentiment.
If you are expecting this all of to go as you think it will go - you will only be surprised. These surprises could prove to be expensive.
Sample size of this poll is 297 with 3/4 no vote.
http://www.truckingboards.com/forum/yrc-freight/101085-yrcw-ratification-voting-poll-13.html
PGEM - Rolling right along here.
PGEM - A lttle volume at the end there - was that you ?
"... majority of the rank-and-file workers — drivers, dockworkers and clerical — are not in support,” he said.
http://www.bizjournals.com/kansascity/news/2013/12/16/kc-teamsters-majority-vote-no-yrc.html
Poll is up to 267
[img][/img]http://www.truckingboards.com/forum/yrc-freight/101085-yrcw-ratification-voting-poll-13.html
Profits are profits - Grab the dips but not too much. The Vote will be key.
I hear you in the back.
Ha ! The computers are computing. They compute based on algorithms that I believe are based on the "Boston Shuffle" where 1250 quotes in 2 seconds, cycling the ask price up 1 penny a quote for a 1.0 rise, then back down again in a single quote (and drop the bid size at that time for a few cycles).
This is a variant of the "Boston Zapper II". Strangely similar to the original Boston Zapper.
They occasionally switch over to "Wild Thing". Wild price/size repeater from NSDQ running at 1,000 quotes per second, effecting the BBO along the way.
I don't think many of these union trucker guys are the type of folk that are going to roll over and take what they can get.
Sample size of current Poll is 250 as of now.
http://www.truckingboards.com/forum/yrc-freight/101085-yrcw-ratification-voting-poll-13.html
Guys - they trade back and forth - you guys know this right ? Nobody invested 25 million today or any other day.
I donno much but I say the 3 million shares not released yet. Could have missed something that said they were but time will tell...
2.49 Increase just another SCHWING. The computers do it with a little help from the guys at the dials. They dial it up - they dial it down - computer takes care of the rest.
It is mostly allways an orchestrated move.
Vote is weeks away - it will MOVE.
Hope you can flip better than I can.
Doubt anyone in here is short - those crazy conspirators!
Same boat here. Mine hit at 24. IMO, you are exectly right when you say noting happens hear as it should. Our compadres here would to do well to move with caution. And as always, grab profit when you have it and wait it out for the next round.
The vote is far from a sure thing. While logic would dictate that one would vote to keep on trucking, that $750 bribe makes me think that something ain't right (rotten in Denmark).
Comapny will not fall any time soon it it goes. Stock will contineue to move like crazy.
Buy the dip.
Give me a little more
My calculations put that at 3 million shares on top of 11 mill outstanding, so 27% dilution. Can anyone corroborate ?
IF nothing else, it gives the company some positional strengh for THE VOTE.
If 27% - the Volume guys will try to get this as low as they can -maybe under a buck again - just to show they can.
PGEM - correction in at 17.30 not 7.30 - let's see it ROCK.
"And there you have it, folks. There are the three roads that YRC must choose from. Each ends in tears for someone. The only question left is who will be crying in the end?"
http://www.fool.com/investing/general/2013/11/26/3-roads-left-for-yrc-worldwide-inc-and-each-looks.aspx
Two Man Committee meeting on Dec. 6
http://www.bizjournals.com/kansascity/news/2013/11/26/yrc-teamsters-set-date-to-talk-deal.html
imo - Going to MOVE MASSSIVELY NEXT WEEK