YRC Worldwide Inc. Message Board
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On Oct 30
they will announce a smaller than expected operational loss and indicate they have addressed thier financing issues.
The lenders have already been given access to preliminary numbers. Final numbers will be in on October 30. This is part of the reason Zollars in sounding somewhat confident re the long term agreement.
The lenders have extended amendments for months on YRCW because they do not want to push YRCW into chp 11 and it won't happen. From now until then we will get better results from the likes of logistics firm Landstar, Old Dominion, UPS, Arkansas Best etc...-
Thanks for the nice positive post.
Good news the way you understand/explain it.
Now for something really positive Zollars needs to go on sabitical.
Wishing he'd just go away aint happinin. -
This is possible. Unlikely but possible.
However, they are not cash flow positive. They lose money all the time. You can't lose money forever.
There are no profits anywhere on the horizon.- 1 Reply to truckinganalyst66
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what if they pushed back the date...to give them time. what if they dont have 100 million..
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what happens when all of the other carriers post profits and yrcw posts yet another loss? is that good for yrcw too?
- 1 Reply to madtownfib
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With Conway market cap at $2 billion and YRCW at $260 million I think we can acknowledge that this is not the best run firm in the industry. $260 million market cap reflects a significant near term BK risk not just weaker operational performance. Once the BK risk is removed longer term YRCW should move higher. Even is YRCW moves up 100% the market cap would still be less than 1/3 of Conway which is a smaller firm.
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