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T*********s
发帖数: 17839 | | f******e
发帖数: 6488 | | w*****d
发帖数: 1172 | | f******e
发帖数: 6488 | 4 Here comes another non-surprise in the continuing FAIL that is YRCW. The
NASDAQ has officially notified YRC Worldwide that its stock is about to be
delisted from the exchange for its failure to consistently maintain a bid
price over a buck. The company's management is of course doing the right
thing for its shareholders by appealing this notice. Since the appeal is
scheduled for Oct. 7, the final delisting decision will come about a month
later. I'm pretty sure I know how that's going to turn out. The company's
last 10-Q was published on Aug. 9, so its next quarterly report will be due
just about the time the appeals panel will be formulating its delisting
decision in early November. YRCW will need to show a massive upward
earnings surprise in that report for its share price to make any meaningful
recovery.
What are the chances of such a surprise? Slim to none, but Slim hasn't left
town just yet. Steadily falling fuel costs can give truckers like YRCW
some healthy tailwind. Executing a long-rumored reverse stock split would
be the Hail Mary pass that buys YRCW a little time, perhaps another quarter
at best, but management will have to pull the trigger right about now for
the split to take effect by the time the NASDAQ panel meets.
Watching YRCW continue its slow march to dissolution is about as painful as
watching one of its big rigs jackknife on the highway. If you don't own its
stock, just be glad you're not along for the ride. |
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