YRC WORLDWIDE INC COM STK USD1.00 (NASDAQ:YRCW)
CAPS Rating:
The holding company for a handful of brands, YRC Worldwide is among the world’s largest providers of transportation services.
The holding company for a handful of brands, YRC Worldwide is among the world’s largest providers of transportation services.
Recs
YRC is being crushed under the weight of its large debt load and huge negative free cash flow. Retained earnings gets markedly worse as each quarter passes. I estimate they have 3-4 quarters worth of cash left, and I do not anticipate that anyone will want to lend this company more money. Very bad situation for a company that has been consistently mis-managed for years. I would place their management at the bottom 10% of all publicly managed firms.