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  1. #1
    Moving the Nations Freight

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    Default YRC Worldwide stock jumps on expectation of improved second quarter

    YRC Worldwide Inc. expects significant improvement in the second quarter as internal cost-saving initiatives, such as the integration of two subsidiaries, take effect.

    Integrating Yellow Transportation and Roadway is expected to mean about 1,000 more job cuts in the second and third quarters.

    Bill Zollars, CEO of the Overland Park-based trucking company (Nasdaq: YRCW), presented the information at a JPMorgan Aviation and Transportation Conference on Wednesday. YRCís stock closed on Wednesday at $2.89, up 89 cents, or 44.5 percent, on volume of 3.4 million shares, according to Yahoo Finance. The stockís average daily volume the past three months is 2.1 million shares.

    YRC Worldwide stock jumps on expectation of improved second quarter - Kansas City Business Journal:

  2. #2
    I call it like I see it!

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    Default Re: YRC Worldwide stock jumps on expectation of improved second quarter

    Quote Originally Posted by Freight Teamster View Post
    YRC Worldwide Inc. expects significant improvement in the second quarter as internal cost-saving initiatives, such as the integration of two subsidiaries, take effect.

    Integrating Yellow Transportation and Roadway is expected to mean about 1,000 more job cuts in the second and third quarters.
    Bill Zollars, CEO of the Overland Park-based trucking company (Nasdaq: YRCW), presented the information at a JPMorgan Aviation and Transportation Conference on Wednesday. YRCís stock closed on Wednesday at $2.89, up 89 cents, or 44.5 percent, on volume of 3.4 million shares, according to Yahoo Finance. The stockís average daily volume the past three months is 2.1 million shares.

    YRC Worldwide stock jumps on expectation of improved second quarter - Kansas City Business Journal:

    Of course their stock is going up.....& more & more of our jobs being eliminated!

    Mark

  3. #3
    Getting In The Groove Now.

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    Default Re: YRC Worldwide stock jumps on expectation of improved second quarter

    Don't get to excited anyone, the stock is going back down allready today 40 cents in first half hour of trading!!!

  4. #4
    Green machine

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    Default Re: YRC Worldwide stock jumps on expectation of improved second quarter

    good. make sure u tell our costomers first thing in the morning.

  5. #5
    Resistance is futile.

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    Default Re: YRC Worldwide stock jumps on expectation of improved second quarter

    Only .03 loss today. That is pretty good.

  6. #6
    Getting In The Groove Now.

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    Default Re: YRC Worldwide stock jumps on expectation of improved second quarter

    I forecast a sub $2.00 around mid2Q and over $4.00, and dare I say as high as $5.00-$6.00 by 4Q09. My reason; worse than expected 1Q09 triggers sell-off sending the stock south, then the stock looks more attractive at sub $2.00, thus the buying starts on anticipation of a good 2Q and the final approval of the stock warrants in May. All this in conjunction with streamlining of the YRC operations should send the stick upwards until it reaches a plateau of around $9.00 share (diluted) around 3Q10-4Q10. Now there is some optimism for you.

 

 

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