Yellow Freight closure thread

Some people just stayed working for two reasons.
1. Their whole life revolved around their job. No hobbies, no family.
2. Need the insurance have somone in the family with major health problems.

 

Only in for $700 million and a 29% stake from the treasury dept.
I'm not saying it's peanuts or anything not to be upset about, but in the grand scheme?

Personally, I doubt a response from the executive branch on this. Sometimes it's better to just let fruit die on the vine to save the rest of the plant, and given Yellow's track record since '09- that's probably what needs to happen. Plus Yellow's management seems really set on letting this ship sink.
Yellow has been the sick man of LTL for twenty years. The fact that they made it this far is commendable.


They'll auction their assets, sell their properties, pay back creditors any funds accrued therein and sink into the oblivion of history. Just like Celadon, or Falcon, or Arrow, or New Century, or so on and so on.

As far as the rising stock, simply put; we live in a world of meme stocks and yolo'd push calls.
The short and skinny of this is, simply- there is a small, but loud portion of the newest generation with a relatively small amount of money, who like to take big risks on far shot stocks (look at the total trading index of said stock, and then google yolo stocks.) There's a lot of people hoping for a bailout, but it's very unlikely to happen.

I don't particularly like discussing politics with strangers, and it's kinda impossible not to gloss over it in this case. I don't want to get into a big argument with you or anyone else on that basis.
This is just my .02$

 

Well if anyone holds yellow stock its now turned into a meme stock and did a 10x..lol

 

Sell Sell Sell.

 

Gotta be more drivers than that. The articles were posting #'s in the 30000 employee range. An yea I realize that's not all drivers but still.

 

Well I just figured in some situations a paycheck is a paycheck an one can maybe at least tread water till something better comes along.

 

Apollo leads deal for trucking firm Yellow's bankruptcy loan, Bloomberg reports
What's the meaning behind this? Stock prices are going up and now Yellow is getting cash from Apollo?

 

Fitting. This is Zara Leander singing how no matter how skies look gray they will always turn back blue.

They juxtaposed this with the destruction of my home country. It's a good metaphor for my current company and how it imploded

 

Looks like they loaned some cash needed for the winding down or reorganization of Yellow in exchange for being at the front of the line of creditors if and when the liquidation begins.

Just a guess though

 

That ain’t saying much. You got arse hair older than me