Let me get this straight... You've 1.8 million shares (Assuming your avg price is $0.4). That is an investment of 720K!!!
With 3/4th of a million $, you best investement/trading idea is YRCW (The company that is losing money & almost went bankrupt)
Just curious about the logic behind this?
Let's just speculate a little. They are not going to sign any business at less than a 95 OR (operating ratio = operating expenses / operating revenue). That's 5% profit EBIT. For that matter, not many large LTL deals are being signed today less than a 98.
If the contract was say $100 Million per year, that would truly be a huge contract. A 95 OR gives them $5 Million PER YEAR pretax profit. That's it. Since it's EBIT, that $5 Million would basically go to funding debt.
They are going to have to sign many huge contracts at OR's south of 95 to make a dent in their problems.