Thursday, August 05, 2010 5:55:55 PM
Zollars and co have said they will do the r/s in order to avoid delisting from the Nasdaq. The only speculation of filing for an extension is on message boards. YRC has never said they would file.
There is a stigma attached to any reverse split, and it is perceived to be a negative. No one likes the fact that they diluted the shares so heavily and are now going to reduce them, but they needed to do it to avoid bankruptcy.
There have been whispers of a possible buyout, speculation given by Peter Navarro. He said at this price with good earnings they would be an attractive buyout candidate.
As far as a merger, I have heard nothing, and would like to see a link from whoever posted regarding a merger, TIA.
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