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Re: skudaddy post# 57221

Thursday, 04/29/2010 11:04:28 AM

Thursday, April 29, 2010 11:04:28 AM

Post# of 62520
PT, what do you like about YRCW? TIA

They're getting pretty beat up following:

-Short interest rose 252.9 percent to 55.9 million shares.

-The unexpected departure of the company's president, Tim Wicks, in mid-April rattled investors who saw the move as a blow to the still-struggling trucking giant and a sign of continuing instability. <ReutersLink ID='ID:nN13253495' /> Wicks had helped YRC navigate several complicated restructuring moves

-struggling to avoid bankruptcy, agreed to a significant equity dilution to win Teamsters concessions last year.

-float = 1.02 Billion

It caught my eye after wick's departure but am still looking for some catalyst to propell a reversal.

Thanks -
S

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