Judging by the tripling of its stock price since March, it would seem the economy is the best it's ever been.......
I mean look at a chart.
Am I the only one that sees this CNW stock as insanely overbought? Makes no sense.
tick, tick, tick, brother.........................
In the state that YRCW is now in, it does not even matter if they do stay in business....They have become irrelevant in the LTL world...
ALL of the talent has left and if they haven't left yet they soon will......
How hard do you think your reps will be working. Remember they are now using their own gas with the "PROMISE" YRCW will pay them back ???????
Kind of like the 5% you guys were supposed to get back in July..
How about the worthless warrants you all received ? Hmmmmmm
Remind again what the strike price is ????
10 straight Quarters without making a dime of PROFIT..
HMMMMMM-----Layoffs. terminal closures, Upper management bailing like it was the Titanic ?????Hmmmmmmmmm
The list goes on and on.........
But just remember----this all means nothing Because---------
CHUGGA,CHUGGA, Life is good......................Hmmmmmmmmmmmm
there are two things that are helping Conway.
1) the merger of Yellow/Roadway to YRC saw a tremendous amount of freight leave YRC. Conway picked up a large portion of this freight. My believe is you will see encouraging numbers from Conway in the 2nd Q.
2) There have been a couple of articles that indicate YRCW is on the verge of bankruptcy. Most analysts believe that most companies will benefit from a YRCW closure. It makes since that the largest players left will benefit the most.
Conway should be relatively solid investment. If YRCW goes under, you will probably see Conway pushing all time highs.
Just my opinion.