Why did this stock jump in price like it did this week? Was it day traders, Cramer, what? It does not make sense. From what I see business is not increasing to support, there is no indication of a big turnaround in financial performance, no Company anouncements.......Does not make sense.
The financial performance has been dismal - these stats came from Yahoo Finance Key Statistics....
Enterprise Value/EBITDA -3.653 Total Cash $164.51m Total Debt $1.58Billion! Book Value Per Share -$1.226 Operating Cash Flow -$134.18m Levered Free Cash Flow -$89.91m Second Quarter Loss of $309M
They are bleeding cash daily - to the point that on August 28 they had to negotiate a 10th credit amendment suspending the liquidity requirement of greater or equal to $100M until Oct. 13, 2009. This came from YRCW.COM, investors section, under SEC filings.