YRCW will not file BK anytime soon ! the reasons? ONE company file BK when the
creditor push the company to the wall, right?
who the creditors are here?
1. Bond Holders ( after Debt to Equity Swap) now they are share holders ! They can not push YRCW to file BK after DES !
2. The Banks - They provide 1 billion rollover credit line. They are very cooperative with YRCW and provide them the best possible rates of Interests.
3. Teamsters ( pension obligations, 7.60 usd/hour, 18 months non payment advantage will expire in 12/2010 ). Teamsters can not push YRCW to file BK , because they will lost the future payments and their members will lost their check forever. Teamsters can cooperate on YRCW only ! They can demonstrate power, but only on paper....they can't do anything at all regarding YRCW BK !
SO WHO ELSE? IF YRCW is EBIDTA Positive ...i simple can not see who can push YRCW to file BK !
those who play against YRCW are the WS crooks and competitors who want YRC market share ! they can influense the share price with strong short attack and naked short, plus brutal paid bashing...and that is it !
they drive the share price to level of BK already ! as you see ...most long capitulated already.
BUT those short sellers can not puh YRCW to file BK even if the share price is 0.05 !!
So if YRCW is EBIDTA positive...i simple do not see treators to YRCW future.please realize that YRCW start working with the biggest national logistic companies( the best 200 of the total of 2000) !this will grab additional market share for YRCW !
WE may see additional 40% increase of the year revenue over the next 12 months in fact after those logistic companies start sending customers to YRCW !! the distribution network will create 40% more business for YRCW according my calculations !
Those of you who invest 100 000 usd in YRCW at this level will make a million in 18 months....mark my words !!!
Siri was at the same situation. 0.05 USD share price, huge debt, operating loss for years...and now...12 months later is over 1 usd on profit of 0.01 per share ( eps = 0.01) ! siri have more than 3.89 billions of shares! YRCW have only 1 billion !
Siri have 2.4 billion revenue per year ! YRCW have 5 billions revenue per year !
Siri market cap is 3.8 billlions USD ! YRCW market cap is 150 millions usd !
Siri have 7.6 billion liabilities ! YRCW have only 1 Billion Debt and around 700 millions pension obligation !
THIS COMPANY WILL SURVIVE ...BELIEVE OR NOT....YRCW is reorganizing and those crooks will be surprised when they see the second Q results !!
the share price drop is all about the manipulations of wall street crooks. use it in your own adantage !!
Fundamentals are great...techical indicators are great...manipultion is at it highest level....!! the reversal is close !!
good luck to all long investors |