YRC Worldwide Inc (YRCW)

[STOCKSEEK]

Hey Scrappy... Sorry for my delayed response.

So a very positive realignment of the capital structure has occurred and it's rightfully adjusted our valuation upward.

They key here to further advances are operational cash flow advances and the ability (which is partially shown) to re-engage the business in a meaningful maintenance and development capital program and to fund future debt payments.

Part of the answer on the capital piece is provided through the new ABL Agreement.

The second as well as the debt repayments and shareholder returns need to come directly from operating cash flows.

Key to additional upward moves in valuation is for us to see that operational improvement continue to progress to be able to properly fund these activities.

Honestly if it does, the sky is truly the limit here in terms of price per share and the market cap could easily get back in the billions.

We have a foundation to build upon, but the operating team in the business needs to deliver.

Now if the operational improvements do not come, the reality is we will be back in the same situation in a few years time.

My bet is we will continue to see progress here.

SS