Why would Zollars or anyone for that matter buy 200,000 shares of his company's stock (according to Yahoo) if he truly didn't believe in the turnaround? He even overpaid at 50 cents I guess he was early, but it shows that he believes it will do well. And how about the other hundreds of thousands of shares he has. Am I wrong here? I don't own this but from the outside, it is sure getting interesting.
if the employees vote yes to keep giving the company pesion relief beyound 12/31/2010 then yes the company has a chance as the lenders and pension funds are in too deep to force this company into bankruptcy, but if the union cant convence there members to vote yes then bankruptcy is allmost a sure thing...
Do the math, he spent $100,000 to buy the stock. That is NOTHING to a CEO with his compensation - it is a gesture of faith. Now, if he spent 1.5m - then yeah - hello.
Anyways, I think this puppy turns around by Q3, not tomorrow or next week. Q3!
Years ago YRCW, at the insistenence of Bill Zollars, did a share buyback.
Bill, who was Chairman, CEO and President, decided that it was a good idea to buyback shares rather than pay down debt. So, with company money,
In 2005 Bill bought 1,000,000 shares in the 40's.
In 2006 Bill bought 500,000 shares in the high 30's.
In 2007 Bill bought 1,000,000 shares in the low 30's.
Bill used the company money and bought about 90 millon dollars worth of company stock and lost just about every single penny of it.
He's no Peter Lynch.....
Ok good info. Did not know that. You seem like you know a good amount about this company so tell me if you think this is truly going bankrupt or not. Don't play the short role or the long role I just want your honest opinion. Because if it doesn't, isn't this close to a good buy soon?
Have ya ever looked at how geen yeller is and how their competition isnt so much? ya ever hear of Cap n' Tax..er..trade? Kyoto protocols were revertedto after..never mind..think man think..what no one want to talk about and why...http://www.yrcw.com/green/index.html