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YRC Worldwide Inc. (YRCW)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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It looks like Uncle Sam made a WISE INVESTMENT. Check back at Christmas for a pps WELL INTO THE DOUBLE DIGITS! Go research the history of government bailouts and focus on Chrysler. There are parallels here indeed!
A brief history lesson (Chrysler):
On May 10, 1980, United States Secretary of the Treasury G. William Miller announces the approval of nearly $1.5 billion dollars in federal loan guarantees for the nearly bankrupt Chrysler Corporation. At the time, it was the largest rescue package ever granted by the U.S. government to an American corporation.....The terms of (a) $1.5 billion loan required Chrysler to raise another $2 billion on its own. CEO Lee Iacocca acheived this by streamlining operations and persuading union leaders to accept some layoffs and wage cuts, among other measures. His high-profile personal leadership, combined with a focus on more fuel-efficient vehicles, steered Chrysler to one of the most famous corporate comebacks in recent history: In 1984, a year after paying off its government loans ahead of schedule, the company posted record profits of some $2.4 billion. "
Although our loan did not need to be as large, the same thing that happened with Chrysler CAN HAPPEN with YRCW (and it's very likely it will by my way of thinking)
Great Q&A. Next Q3 YRCW will prove themselves worthy.
We are on our way to again be the greatest LTL company of all time. We are all over it in North America. Our border operation alone is something no other LTL company can compare with. That’s where the money is.
YRCW is YOUR RELIABLE CARRIER. Thank You very much, Have a nice day.
Did you catch: "cash provided by operating activities was $213.6 million compared to cash used of $29.5 million for the six months ended June 30, 2019". Wow generated $243 million more in cash. Cash is King.
Strong day tomorrow.. new money and short covering will get this going... but long term is even better..
BRIEF-Yrc Worldwide Q2 Loss Per Share $1.09
5:46 PM ET, 08/03/2020 - Reuters
YRC Worldwide Inc:
* YRC WORLDWIDE REPORTS SECOND QUARTER 2020 RESULTS
* Q2 LOSS PER SHARE $1.09
* Q2 REVENUE $1.015 BILLION VERSUS $1.273 BILLION
* CONSOLIDATED OPERATING RATIO FOR QUARTER WAS 100.5 COMPARED TO 98.9 IN 2Q19
* WAS ABLE TO SIGNIFICANTLY EXTEND MATURITY ON ITS ASSET BASED LOAN FROM JUNE 2021 TO JANUARY 2024
Sadly, I think a lot of short will be losing some SERIOUS money as a result of this watershed chain of events. In many ways, the Covid19 pandemic is responsible for this company getting it's "second wind" and like many, I believe it's going to not only "fly" this time around, but it's going to SOAR! Congratulations to management and all of the devoted shareholders. You all deserve this big break! Now make the most of it!
Follow KODK path...it can be easily a Billion dollar company over next 12 months. I think $25 to $30 easy target for YRCW
Double digits by Friday!! (that's $10.00 per share for those with diminished brain function like Ol yellerfart)
J, you gonna tell them?
Come on bro!
You didn’t hold!
Why you not gonna advise them , einstein?
@J a what do you think? Buy MRO now or wait until after ER tomorrow? What’s your feeling on their ER?
ISM Manufacturing Index beats estimates. GL!
I think the only thing holding back $10.++ a share is the approval for the 700 million,otherwise we go back to $1.80 Small risk for huge gains
I’m thinking ER is gonna rock so I bought more at $2.71
I Would Guess we have seen the Last of Mike - Mal Etc Etc ................................
HOME AT LAST
Tomorrow back to 9
Target 30 by the end of the year. Almost no shares available. 72% owned by institutions and 13% by insiders.
J and AlgoHater, thank you to you two. You’re the reason I am on this message board.
Your insights, facts, and equations are the keys to successful investing.
Not just in YRCW, but at times, other stocks, as well.👍🏻
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