YRCW Gains Cash Flow in Weak Economy

Discussion in 'YRC' started by latanea, Oct 24, 2008.

  1. latanea

    latanea Road Train Member

    1,337
    234
    Sep 21, 2007
    cincinnati (sharonville)
    0
    oldguns Thanks this.
  2. brtecson

    brtecson Medium Load Member

    334
    136
    Oct 4, 2006
    0
    Looks like you guys are weathering the storm better than most.:biggrin_25525:

    What's up with YRC truckload having a 104% operating ratio? I thought they were profitable...
     
  3. Mooney

    Mooney Road Train Member

    YRCW is in danger of violating some of its debt agreements in future quarters if conditions do not improve. Trading at all-time low. Bonds are considered junk. Sell it and forget it.
     
    Highballin Thanks this.
  4. BumpInTheRoad

    BumpInTheRoad <strong>Zippy</strong>

    200
    30
    Feb 8, 2007
    On Life's Highways
    0
    Seems like yrc is good at running numbers, They to be able to pull a rabbit out when they need it . Holland had made a profit for years and when they bought them they can't make a profit . I wounder where they get there cash when they need it.
     
    Highballin Thanks this.
  5. 04cobra

    04cobra Bobtail Member

    29
    3
    Sep 21, 2008
    Medford,Ma
    0
    If I read it correct heres how I see it
    Borrowed money to pay a note that was due soon (tells me they didn't have the money to pay it)Part of the money that was needed to pay the note now shows
    as profit thereby making you look better than you are
    Next years loan that's due now isn't .
    But what about 2010 where are you gonna get the money then?
    sell 100 million more shares?
     
  6. latanea

    latanea Road Train Member

    1,337
    234
    Sep 21, 2007
    cincinnati (sharonville)
    0

    The money was used to pay off USF Hollands "mortgage".

    our operational cash is pretty healthy (all things considered).

    and keep in mind that we own a vast majority of our equipment and facilities outright.

    not nearly as risky as a "lease" company or a company that runs an operational debt.
     
    oldguns Thanks this.
  7. oldguns

    oldguns Bobtail Member

    16
    1
    Sep 25, 2008
    columbus ohio
    0
    I haven't found any info on hollands mtg being paid off. I can't believe any thing they post at our term, I watch the Qtr statements. It shows a strong response to the current market, the next Qtr will show if frgt levels are improving or sliding down. I guess time will tell.
     
  • Draft saved Draft deleted