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Saturday, September 17, 2011 4:05:27 PM
Studioso Research on YRCW on Seeking Alpha nailed it.
Dilution on September 19:Sell-off coming for YRCW Shareholders
http://seekingalpha.com/article/291653-dilution-on-september-19-sell-off-coming-for-yrcw-shareholders
Whatever the side of the fence you're on, all of you need to check out their 10q and the above blog on share structure.
That blogger's price target is $0.28 and the current price is $0.07. With new mangement at the helm, I think the price overshot to the downside. IMO, it was a panic sell-off. I think fair valuation is somewhere in between.
Peace out.
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