YRC Worldwide Inc (YRCW)

[MagicCap]

"I think the report should mention another round of debt-for-equity conversions coming up in a few more months. "

That would make sense if they had debt due in the next few months. Nice try though. They will return to a net profit by Q2 of this year and be able to refinance their debt at significantly lower interest rates. The market is turning a blind eye to this turnaround but it won't be this way forever.