I'm betting they're in bright -n- early today hoping to cover before the run to $1.00
We should see $2 to $3 or more before a split. YRC is starting to roll again, trucks everywhere, moving freight like I haven't seen in awhile.
They can only hold back good news for so long, sooner or later this will bust wide open.
By the way, split might be less than expected, possibly 1-2 or 1-3 , too many long term buyers w/not enough shares to go around. Teamster shares, insider shares, employee shares, customers, friends, relatives, dogs, cats and of course investors like ourselves. Not to mention every institution under the sun.
I'm only anti YRC until my orders are filled. Only a fool would bet against this.
The R/S is being done to lure investors (You might find it counter intutive) No institutional investor would invest in $0.5 stock. But, more than happy to dump money on a $5 stock (if they believe in a turnaround for the company)
Ok that's fair, We went up last week because we were hoping for some news out of the conference. What we got was this Q report will be bad, but the 2nd Q will be good, maybe if it all goes well. Then a R/S is coming there is no reason to get in front of that. We're having trouble getting investors at .50c after the split no way anybody buys this at 5 or 10 bucks a share. I know the volume has been up, but when you look at the numbers not much cash going out. When the Q report comes out the stock will go down and then up, but until then we're just waiting.