Here are some posts on YRCW's (and in many cases comparison's to competitor's results) for 2012.
These contain facts that are all easily verifiable from YRCW's and its competitors SEC filings.
YRCW Negative Tangible Net Worth is $728 MILLION
YRCW Total Loss for the Year was $270 MILLION
Debt Remains 1.3B (up slightlly)
Debt plus unfunded non-union pension liability on the books $1.9 BILLION
Debt plus unfunded non-union pension liability and unfunded union pension liability (off books) $11 BILLION plus
Competitors in much better financial shape. Several in excellent financial condition.
Capital Spending remains a joke (for years) and competitors continue to greatly outspend
YRCW does not have the financial capacity to remedy this
YRCW Market Share continues to decline.
Competitors all increase revenue while YRCWs drops.
ODFL revenue up 12%
Wall St. Consensus Analyst Estimates Show Losses for Q1, Q2, 2013yr, 2014yr
True for those Both on Yahoo & YRCW's own website.
Other Sources of YRCW cash drying up
Assets Sales of Non-Core or Surplus Assets pretty much done
Cash from Escrow almost depleted
The CFO continues to have part of his pay plan in escrow as he has since fall of 2011 when he became the actual CFO (prior to that he was acting (or interim?) CFO and prior to that he was a consultant with Alvarez and Marasal who was instrumental in putting together the 2nd restructure plan and the financial projections which the managment team he was part of could not meet.
The projections and loan covenants then had to be lowered drastically April 2012 when they could not meet them.
The situation remains the same as I have explained for over 2 years while accurately predicting what would happen during the same period.
Improving operations add no value to the stock because of the massive debt, the far far more massive unfunded pension liability, aging and shrinking fleet and PP&E which they do not have the financial resources to maintain (as they have admitted in SEC filings).
On top of that improving operating results make the union less willing to do further concessions and more likely to want some or all of the 15% pay cuts and 75% pension contribution elimination reversed.
The ABL is due 2014. The term loan is due and the union contract expires 2015.
The stock continues to have no underlying value and no hope of that changing.
The stock remains a financial instrument for speculators and criminals (many on this message board) to extract money from the stupid.
Now that the 10-K is out have begun posting additional info. But this puts key posts on YRCW facts after the 2012 results PR but before the 10-K release ... in one place.
You are absolutely right. Very imformative. I worked for Yellow Transportation for over 20 years. They have huge amounts of debt. You mention there trucks (equipment) that is so true. This is a reality check for those who live on planet earth. This is like keeping someone in a coma on life support system for the rest of there lives.
Thats some pretty serious analysis for a message Board of this caliber, if you know what I mean.
The two "ee" expose guy I have on ignore.
Either nit wit kenathon or nit wit king, both display the same lack of any signs of operating in reality.
here you are sucking up to the guy you bash later after he shows you to be the clown you are
you brownnosed so bad kings thought you were stockexpose
let us know when you find the income statement in the 2/8 Press Release and 8-k
here is the dimwit trying to suckup to me. today he is ranting against me after I proved just how dumb he is with his own posts. just like I have done regularly with all his previous fake analytic accounts.
As usual. In response to meet posting verifiable facts. The pumpers, dimwit employees and teamsters can't refute them. So they go and post endless nonsense with lies about YRCW and me.
Same has been true for 2 1/2 years.
During the time I have been consistently accurate and extremely predictive. Predicting not just the 2nd restructure but the magnitude of it and the effective wipe out of the shareholders. During this time these same people have been consistently stupendously wrong about YRCW, the stock, and of course me.
With the new message board system, I can put the most egregious ones on ignore yet still see how often they prattle on or flood the board with lies in response to me posting verifiable facts. Always good for laughs at their expense as has been the case for 2 1/2 years.
For anyone new on here, their lies and stupidities if not self-evident from the start become so within a couple of days. If you look at their posting histories you will be astounded at how outlandish the lies are and how long they have been doing them and how consistently they are wrong.
Of course for kings and his countless accounts. It isn't about being right or wrong. Some of its accounts (like the settop2002 one will post as a pumper or pretend to post fact or analysis but of course the poster knows nothing of finance or investments (posting about paying loan covenant charges was just hysterical). There is a newer one Rasmondi or something that does the same. Plus literally a couple hundred of accounts if not 300+ over the last 2 1/2 years (dozens have been deleted for its constant references to child rape which it slipped and did under the settop2002 account recently) that carry on conversations with each other and compliment each other and all sorts of things and try to harass analytic knowledgeable posters.
But kings main interest is just to waste other people's time. So don't take its bait and put it on ignore along with the rest of its accounts. kings is too stupid to effectively pump the stock and would have been wiped out many dozens of times over by now. it is stupid enough to be a teamster but it spends too much time here to be a regular yrc employee. so perhaps a union goon where this is its main job, a yrc employee with a ghost job that doesn't actually work, a wife of an employee or teamster, or just a deranged (the list of apparent mental problems is too long to repeat here) family member of an employee or teamster.
Doesn't matter and don't care. Just put it on ignore. When you find another account that is one of its, put it on ignore too.
Just watch out for all the imposter accounts it does. It has dozen well over a dozen imposter for me. and one or more for pretty much every intelligent regular poster the last couple of years. so make sure you are ignoring the imposter account and not the original.
More to come from the 10-K.
kings has been exposed as a Philadelphia Teamster living in NJ.
When a Teamsters bid is canceled the work hours become on call for the rest of the week so if he's canceled on a Tuesday or Wednesday the rest of the week depends on when or if they pick up the phone, they have to make themselves available 24 hours a day.
Does that explain his posting time variations for you?
He's a 61 YO liberal, never married it's all here on the MB!