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  1. #1
    Taking A Stand!!!

    Join Date
    Jul 2009
    Local Union
    492
    Employer
    ABF
    Location
    Albuquerque, NM
    Posts
    41,631
    Rep Power
    915

    Default YRC's market value plummets $155M

    Well, ABF's report comes out tomorrow I think it is so we shall see what happens with them too. But I have definitely noticed the rapid drop just this past week with YRC stocks.
    YRC Worldwide Inc.'s market cap has fallen by almost $155 million, down to $295.53 million, in just two trading days.

    After the market closed Thursday, the Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a third-quarter profit of $13.9 million — way less than analysts expected — on operating revenue of $1.22 billion — 1.9 percent less than the year-ago quarter.
    Investors subsequently slammed the stock Friday and again Monday, dropping it from Thursday's closing price of $13.53 a share to $8.88 on Monday. One year ago, YRC's stock was trading at $17.84.

    The 34 percent loss in market value in two days — and 50 percent in the past year — shows that the long-struggling company that once was on the Fortune 500 still has a long journey in front of it.
    http://www.bizjournals.com/kansascit...hoo&yptr=yahoo

  2. #2
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    27,284
    Rep Power
    1166

    Default Re: YRC's market value plummets $155M

    I can hear it now.....We need more concessions to stay afloat.

    Sent from my SGH-T399 using Tapatalk

  3. #3
    hangin on

    Join Date
    Jun 2009
    Local Union
    287
    Employer
    yrc
    Location
    Hayward , Ca.
    Posts
    797
    Rep Power
    159

    Default Re: YRC's market value plummets $155M

    The exec's gotta eat too . More concessions on way . Teamsters need to enjoy baloney. Maybe sleeping under a bridge after their shift .

 

 

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