posted
This is the largest trucking company in the world trading at only $150m market cap. They have contained costs, and slashed wages. With oil at $38 pb this is a true winner.
Posts: 4381 | From: houston | Registered: Mar 2006
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Yrc Worldwide Inc vs. Peers Company Market Cap YTD Price Performance YRCW YRC Worldwide Inc 150.5M JBHT J.B. Hunt Transport Services, Inc. 3.2B CNW Con-way Inc. 1.2B WERN Werner Enterprises, Inc. 1.2B
Posts: 4381 | From: houston | Registered: Mar 2006
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Yrc Worldwide Inc vs. Peers Company Market Cap YTD Price Performance YRCW YRC Worldwide Inc 150.5M JBHT J.B. Hunt Transport Services, Inc. 3.2B CNW Con-way Inc. 1.2B WERN Werner Enterprises, Inc. 1.2B
Posts: 4381 | From: houston | Registered: Mar 2006
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Close $2.87, bid already gapped to $2.90. When I first saw the share price I thought there would have been a ton of shares outstanding. Turns out its only a $150 million market cap. There smaller competitors have over 3 BILLION. There revenue per share are $163.47!!!! There were liquidity issues a few months ago, but all of that has been resolved. The stock hasn't recovered. This would need to get to $57 a share to be at par with there competitors, but they are the largest trucker in the world. $60? $70? Not sure, but $30-$40 shortly.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
Hedge fund redemption and tax loss selling should be done in the market. We should see a hard bounce over January with a slight retrace following in February.
Posts: 4381 | From: houston | Registered: Mar 2006
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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YRC Worldwide (YRCW) 4.68 +0.18 : Co announced that its union employees represented by the International Brotherhood of Teamsters have voted overwhelmingly to modify the current labor agreements for the company's Yellow Transportation, Roadway, Holland and New Penn business units. The modified contract includes a 10% reduction in all wages paid, inclusive of scheduled increases, and the suspension of cost of living adjustments (COLA) for the remaining life of the contract. The co expects to achieve $220-250 mln in annual savings from its labor contract modification during the remaining term of the contract in addition to the $75-85 mln in savings in 2009 from the non-union compensation reductions that were effective January 1, 2009. The co also expects to improve 2009 operating income by a run rate of $200 mln from the integration of the Yellow Transportation and Roadway networks that is expected to be complete in early spring 2009.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
I thought I would put this on all my threads so to answer all of your questions.
quote:Originally posted by lostone: invester, out of all your picks, which one do you think has most potential starting next monday, a ranking would be nice.. thanx
Well, you have several catalysts for all. NM has the Baltic Dry Index skyrocketing, trades at cash, and is one of the best stocks I’ve ever found. I can say the same about HOV, as it trades WAY under its cash level of $11. I also listened to the KB homes conference call in which they said California has bottomed. That is one of the most significant things I’ve heard in 2 years. Also, YRCW has amended all of its union pacts with cost savings of more than 400 million. The stock trades at about $200 million market cap. I do a hell of allot of research to find these things so to answer your question, I think there all going to run.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
It seems to me that every time I choose a stock an "analyst" upgrades it. What good are these guys if they can't get the upgrade at the bottom. I picked it at $2.57. The stock is around $5. Large gain missed, but allot more to come.
S&P upgrades YRC after Teamsters vote Friday January 9, 4:14 pm ET S&P upgrades YRC Worldwide after Teamsters vote on wage concessions
NEW YORK (AP) -- Standard & Poor's on Friday raised it ratings on trucking operator YRC Worldwide Inc. following approval of wage concessions by members of the Teamsters union. S&P raised the ratings to "CCC" from "CC." The ratings remained on CreditWatch with developing implications.
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The new ratings are still below investment grade, reflecting the challenges facing trucking companies as shippers reduce volumes due to the recession.
Late Thursday, the company and Teamsters announced that workers at several freight divisions had approved contract changes including a 10 percent cut in wages and mileage rates and the suspension of cost-of-living increases.
In exchange, workers will get a 15 percent stake in the company, and contributions to health and pension plans were unchanged.
The company estimated the deal could save it $220 million to $250 million a year.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
well, you gotta give them time to accumulate before they upgrade! lol..
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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posted
Yep. I'm still in from 3.33 the other day. Looking good. Also, did well on BAC today.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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