YRC Worldwide Inc (YRCW)

[califax]

November 1, 2010 1:12:50 PM EDT

S&P MAINTAINS HOLD RECOMMENDATION ON SHARES OF YRC WORLDWIDE
(Standard & Poor's)

http://research.tdameritrade.com/public/markets/news/story.asp?docKey=7397-umsactI4201011011224-1&clauses

Workers at YRCW voted to accept the latest restructuring plan, proposed in late September. In our view, this marks another step forward in YRCW's efforts to address its cost structure and reduce liquidity constraints. We expect the shares to remain volatile as YRCW works to balance the demands of lenders, labor and shareholders through this process. We note that new capital still must be raised through an equity offering as a condition of the agreement. We are maintaining our price-to-sales based target price at $6.50, on what we view as a high risk investment.