unterbewerteter US-Transportgigant!
http://www.finanznachrichten.de/...to-c-and-withdraws-ratings-004.htm
In dem gestern von mir übersetzten Artikel stand auch drin, dass die im Falle von CH mit Sicherheit fein raus sind. Von denen wird keiner seinen Job los.
Das ist doch unterste Schublade. Da fällt einem nichts mehr ein.
Warner und Mahner gab es von Beginn an - IMMER! Die Namen könnt Ihr unten auf der Sperrliste bewundern.
nicht mehr dabei, trotzdem...es ist eine Sauerei. Stellt euch mal das bei Mercedes-Aktie
vor. Glaube das geht gar nicht!
Da haut ja auch nicht mitten in einer Umstrukturierung der CFO in den Sack. Die hätten auch kein Problem gehabt, offene Posten qualifiziert zu besetzen.
Der Fisch stinkt immer vom Kopf.
... gute Nacht YRCW
YRC Worldwide restructuring plan meets with skepticism
Kansas City Business Journal - by David Twiddy, Staff Writer
Date: Tuesday, May 3, 2011, 2:55pm CDTThe Overland Park-based trucking company (Nasdaq: YRCW) announced late Friday that it had signed definitive agreements to pump $100 million in new capital into its beleaguered balance sheet and eliminate $140 million or more in debt, as well as replace an expiring asset-backed securitization facility.
But current shareholders will watch their ownership of the company slide to 2.5 percent or less as YRC issues millions of new shares to pay the new equity investors and debt holders.
The value of YRC’s shares has declined as much as 37 percent since the announcement, reaching $1.25 in Tuesday afternoon trading.
Analysts have had few nice things to say about the deal, which must close by July 22, other than that it will keep YRC out of bankruptcy through the end of the year.
Analyst Ed Wolfe of Wolfe Trahan said in a note that the deal was less than expected, given that the International Brotherhood of Teamsters union had demanded at least $300 million in new equity when its members agreed to extending current pay and benefits concessions in October.
“Based on YRCW’s cash burn rate and increasing cash needs, we don’t believe it likely raised enough new capital and/or reduced its cash obligations enough to survive more than the next 12 to 18 months without raising significant additional capital,” Wolfe wrote.
In an earlier report, RW Baird analyst Jon Langenfeld — who rates the company’s stock as “underperform” with a target share price of $0 — openly asked why lenders would continue granting concessions, noting that although YRC’s operating performance has improved, it still faces high costs and declining market share.
“Our belief is that lenders have reacted to political and social pressure to keep in business an employer of 32,000 unionized employees,” Langenfeld wrote.
Meanwhile, Fitch Ratings decided to downgrade YRC’s default rating from “CC” to “C,” which is defined as “default is imminent or inevitable,” and downgrade YRC’s secured bank credit facility from “B-” to “CCC,” indicating that default is a real possibility.
“Ultimately, the company will need to strengthen its operational profile such that it can generate positive free cash flow on a sustainable basis,” Fitch said. “Until that time, the company will continue to run the risk of another liquidity crisis, and given that it has already undertaken essentially two out-of-court restructurings, it is likely that another liquidity squeeze would result in a bankruptcy.”
The ratings agency warned that an adverse verdict in the summer about competitor ABF Freight System Inc.’s challenge of the Teamster concessions also could force YRC into bankruptcy.
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LG
Nico
Die Altaktionäre sind oder werden praktisch enteignet. Es werden dann wieder neue Aktien ausgegeben.
Falls am Freitag die Zahlen nicht wirklich mal postiv sind , wird es hier nochmals zu einem deutlich Kurseinbruch kommen und bei der Firma werden die Lichter ausgehen.
Das Vertrauen in den Ami Markt würd ihnen hoffentlich das Genick brechen!
Na, hier ist ja Totenstille. Vielleicht gibt´s nachher ein paar Indikatoren, denn Con-Way, einer der Mitbewerber, legt nach Börsenschluss seine Q1-Zahlen vor.
Mal sehen, wie die aussehen.
Also, CNW hat nicht schlecht abgeschnitten:
Revenue for the 2011 first quarter was $1.25 billion, a 7.2 percent increase from last year''s first quarter. Â Operating income in the 2011 first quarter was $36.7 million compared to $14.4 million in the first quarter a year ago.
Mal sehen, was unsere YRCW am Freitag zu vermelden hat.
http://www.finanznachrichten.de/...irst-quarter-results-008.htm