YRC Getting Crushed Today

After being up for the past few weeks, this stock is getting hammered today.

Down 28% as of right now.

There has been massive institutional selling

http://data.cnbc.com/quotes/yrcw

 

If they post earnings, well loss, of more than the -$1.56 a share expected, they will be pretty close to the end.

The banks can only bleed them so much before they pull the plug.

They posted a charge $185 million, so tack that on top of whatever crappy earnings they report.

With 56 million shares outstanding, a loss of $1.56 per equals $87 million and change. No way they only lose that little, not with the way they have priced freight.