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YRC Worldwide Inc. Message Board

  • boiler_room_bermuda boiler_room_bermuda Jan 1, 2010 1:53 PM Flag

    $690 per unit extreme value presented to you

    Divide the market cap by the number of owned rigs and trailers and you will find YRCW represents one of the most extreme valuations in stock market history.

    Try going to your local Mack, Peterbilt, or Volvo truck dealership and buy ANYTHING for $690.

    Here are 4 things for the shorts to stew on until they whacked Monday morning;

    a)Teamsters and Goldman Sachs worked together to do the deal

    b) economic recovery 2010 (+)

    c) 22 M shares short that must eventually cover = buy

    d) $690 per unit valuation

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    • I do think you're right on. I think the IBT with their huge political influence along with Zollars pulled it off , sredit where credit is due. Have to beleive the GS people had one arm about broke abehind their back and held their nose with the other hand. Thats business in this "transparent, holier than thou" administration. Don't have a problem with it, thats how it works, but cut the "gonna do it different" BS

    • “……22 M shares short that must eventually cover……”

      05/15/2009 short interest 12,997,635
      07/31/2009 short interest 14,666,099
      12/15/2009 short interest 22,665,634

      There is no reason to cover when the only thing you need to do is wait another four months for zero to happen when YRCW is out of cash and forced to file bankruptcy.

      • 1 Reply to smokeyjuan
      • “economic recovery 2010 (+)”

        Tell that to the pilots and their families.

        Still on the Job, but at Half the Pay
        Published: Wednesday, 14 Oct 2009 | 11:03 AM ET By: Louis Uchitelle
        The New York Times

        The dark blue captain’s hat, with its golden oak-leaf clusters, sits atop a bookcase in Bryan Lawlor’s home, out of reach of the children. The uniform their father wears still displays the four stripes of a commercial airline captain, but the hat stays home. The rules forbid that extra display of authority, now that Mr. Lawlor has been downgraded to first officer.

        He is now in the co-pilot’s seat in the 50-seat commuter jets he flies, not for any failure in skill. He wears his captain’s stripes, he explains, to make that point. But with air travel down, his employer cut costs by downgrading 130 captains, those with the lowest seniority, to first officers, automatically cutting the wage of each by roughly 50 percent — to $34,000 in Mr. Lawlor’s case.

        The demotion, the loss of command, the cut in pay to less than his wife, Tracy, makes as a fourth-grade teacher, have diminished Mr. Lawlor, 34, in his own eyes. He still thinks he will return to being the family’s principal breadwinner, although as the months pass he worries more. “I don’t want to be a 50-year-old pilot earning $40,000 a year,” he said, adding that his wife does not want to be married to a pilot with so little earning power.

    • Yeah let’s just forget about the billion plus dollars that they still owe the banks.

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