Stock was down because Barclays re-offered an unregistered block sale(seller not known) of 1.1 mil shares at $10.68 a 2.7% discount from the previous close. Traded half there 30 day average volume in the first hour.
He also said be prepared to lose your all your money also in the stock
YRC Worldwide Inc. said Thursday that it doubled its operating revenue and eked out a profit for 2015, despite a number of financial obstacles.
The Overland Park-based trucking carrier (Nasdaq: YRCW) reported operating income of $93 million for the year, compared with $45.5 million for 2014. That translated to earnings of $700,000, or 2 cents a share, compared with a net loss of $85.8 million, or $3 a share, the previous year.
YRC Worldwide's operating income for 2015 was double the previous year's figure.
Boosting operating revenue and showing a profit didn’t come easily for YRC. Beyond dealing with lower fuel surcharge revenue and an economy that flattened in the second half of the year, the company took a $28.7 million charge in the fourth quarter due to an offer that let some nonunion employees elect to receive a lump-sum pension payment. The pension offer was designed to reduce the company’s long-term pension obligations.
YRC also had good news for certain union employees at its regional trucking operations. They will receive a profit-sharing bonus equal to 1 percent of their 2015 earnings after the units hit a goal for improving operating ratio.
In all, YRC reported operating revenue of $4.8 billion in 2015, down from $5 billion the previous year.
For the fourth quarter, which ended Dec. 31, the company had operating revenue of $1.14 billion, an operat
ing loss of $15.3 million and a net loss of $23.5 million. That compares with operating revenue of $1.2 billion, operating income of $31.2 million and net income of $6.2 million, for the same quarter the previous year.
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