That’s still hardly news. YRC has been in a position of zero liquidity for a long time, and basically if you owe more than you own you can file for bankruptcy. I would hope anyone that has invested in YRC understands simple finance, and the dire condition this company has been in for many months.
However, it is good that you are posting this, because there are so many on here that seem to think the basic laws of finance don’t apply to YRC for some reason. Eventually you either have to pay your bills, or default.
Did GM’s quick departure really surprise you?
I think everyone here knows the risks. Goldman Sachs owns yrcw which is interesting. As long as you're diversified and invest in yrcw with funds that you don't desperately need right away (or at all!), it's a great risk/reward here, IMO.
Search in the document for bankrupt and you will see where it says they could file for bankruptcy at any time. I have seen others go bankrupt when you thought they couldn't (GM) so with a lot of money on the table, I took my profit. I sent out the report to everyone that emailed me. I have had about 10 people ask thus far.
Alright i,ll believe u if you give me the link and i will pay to read the report that u speak of. don,t give out bad news and then say trust me hell lady i barely trust myself send the link and i will pay 4 it
bankruptcy could be imminent for any company who's stock is worth +/- .43 cents. it's a risk/reward scenario. longs know the risks, but know that bankruptcy might not happen either. if the company succeeds the upside is huge.
I'm surprised you sold all of your shares, seems like you would have kept 25K just on the offchance there's a recovery.
If you know our business at all you'd know it is virtually impossible for YRCW to recover. It is unprecedented for any company in the LTL business to escape the death spiral that YRC is in.
The truth is that they're really not needed anymore. They do our industry more harm than good, and there are plenty of better companies out there to pick up the business when YRC is gone. The manufacturing public will not feel one bump in their business after doomsday.