YRC Worldwide Inc (YRCW)

[jaybird249]

Conservative YRCW fair value $.50
Assume full conversion of prefferreds and 4 billion shares OS

$200 million more cash from conversions raises current assets to $600 million

Net debt (current assets - current liabilities - long term debt) would be about $600 million

EBITDA = $250 Million

Enterprise value at 10 x EBITDA = $2.5 billion

Share value = $1.9 billion or $.50 per share.