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YRC Worldwide Inc. Message Board

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  • puregamble5 puregamble5 Nov 13, 2010 11:22 PM Flag

    YRC working top talent for recap

    You are right. I don't know about others but Alvarez & Marsal are the best. They saved Healthsouth. Stock was down to $0.07 in March'2003 and everybody said BK was imminent. Alvarez & Marsal was hired as turnaround consultant. There was no dilution. They had $5B debt and 4B sales. Healthsouth survived and all lenders cooperated. Stock went to 6+ from .07.

    I believe YRCW will be over 35 in a year and stock now is a steal.

    look for a big bond issue to convert debt

11.20-0.21(-1.84%)Aug 25 4:00 PMEDT