74,009 combined owned truck rigs and trailers
Try goint to your local Peterbilt or Volvo or Mack distributor and paying $442 for a truck!
YRCW = BUY
Yes, I presumed the THOUSANDS of LEASED vehicles are worthless, I'm a conservative investor, that's why.
new trucks are getting way better fuel economy and far less pollution. YRC's trucks are not worth much at all.companies that can afford new trucks will be leaving their competitors in the dust with their antiquated trucks,not to mention the "green" factor more and more companies are striving for.
If dissolved today, you're saying it is worth more than the market cap. However, companies largely are valued based on future free cash flows. YRC has not generated positive operating cash flows for the last 3 quarters.
After looking at this again... more relevant is YRC is struggling to keep its customer base due to the fear that they will BK. Other LTL's are capitalizing on this and as a result predictions for future free cash flows are negative.
No, I am aware the company has debt and retiree obligations. The trucks are worth WAY more than $442. Make one run from say Chicago to Baltimore, and voila, just earned profit of more than $442. This stock is severely underpriced. It's priced for depression, it's priced for zero economic activity and no recovery at all. It's price for BUYING. Last I heard it cost like $80,000 for an 18 wheel rig. I can buy them here on Wall Street for $442, oops, it's higher now, what up to mid $500s, are you kidding me? BUY!