YRCW vor charttechnischem Turnaround
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Würde mich nicht wundern, wenn die Dynamik fortan weiter an Fahrt gewinnt.
Hier stehen die Ampeln "z.Zt." weiterhin alle auf grün, nachdem es Jahrelang auf rot verharrte und nur zögerlich den Gelbfaktor einsetzte.
Freue mich für jeden, der an diesem Spaßfaktor teilnimmt.
Es gibt nichts, aber auch gar nichts, was Du zu diesem Thread beiträgst. Nichts!
1000 an einem Tag. Würde es nach Dir gehen wären wir bei 4 USD.
Mein Ziel steht und ich jammere nicht über wenig verlorene Prozente.
Es lief vermeindlich heute ganz gut.
Es läuft gut. Der Ausbruch ist intakt.
Du kannst nur Einzeiler und den Usern vor das Bein pinkeln, wenn sich die Möglichkeit öffnet. So kennt man Dich eben. Arme Aktienkultur im untersten Schubladenbereich.
So richtig schlau werde ich nicht daraus..
YRC Worldwide, Inc. SEC Filings
http://www.nasdaq.com/symbol/yrcw/sec-filings
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
YRC Worldwide Inc.
(Name of Subject Company (Issuer))
5.0% Net Share Settled Contingent Convertible Senior Notes due 2023
(Title of Class of Securities)
985577 AA3
(CUSIP Number of Class of Securities)
Michelle A. Russell
Executive Vice President, General Counsel and Secretary
10990 Roe Avenue
Overland Park, Kansas 66211
(913) 696-6100
(Name, Address and Telephone Number of Person Authorized to Receive Notice and Communications on Behalf of Filing Person)
Copy To:
Dennis M. Myers, P.C.
Kirkland & Ellis LLP
300 North LaSalle
Chicago, Illinois 60654
(312) 862-2000
CALCULATION OF FILING FEE
http://secfilings.nasdaq.com/...I&RcvdDate=6%2F26%2F2013&pdf=
Irgendwie habe ich das gefühl das sie billig reinkommen wollen
Also mir scheint das ganze etwas unglubwürdig, die haben wohl die Markt entwiklung außen vor gelassen..
Und von der erwarteten gewinne durch umstrukturierung und routen einsparungen ist nicht die rede..
http://seekingalpha.com/article/1522722-why-the-recent-price-increase-for-yrc-worldwide-isn-t-justified?source=yahoo
Wann haben wir hier zum letzten Male ein "Buy" gesehen.
http://finance.yahoo.com/q/ao?s=YRCW+Analyst+Opinion
Upgrades & Downgrades History
Date§Research Firm Action From To
Jun 24, 2013 Standpoint Research Initiated Buy
May 5, 2013 BB&T Capital Mkts Upgrade Underweight Hold
Nov 3, 2011 Stifel Nicolaus Upgrade Sell Hold
Oct 11, 2010 Morgan Keegan Initiated Underperform
Aug 11, 2009 Stifel Nicolaus Downgrade Hold Sell
Jun 17, 2009 Robert W. Baird Downgrade Neutral Underperform
Jan 14, 2009 Dahlman Rose Initiated Hold
Jan 5, 2009 Wachovia Upgrade Underperform Mkt Perform
Nov 24, 2008 Stifel Nicolaus Upgrade Sell Hold
Jun 15, 2008 JP Morgan Upgrade Underweight Neutral
Ja, ja,.. lang ist es her.
Die Zeiten ändern sich.
Top 5 Companies in the Trucking Industry With the Lowest Price to Forward Sales (YRCW, USAK, CVTI, VTNC, PTSI)
Below are the three companies in the Trucking industry with the lowest price to forward sales ratios. The ratio shows how much Wall Street values every dollar of the company's future sales and is useful in comparing comparable companies. Generally the lower the ratio, the more attractive the investment.
YRC Worldwide ranks lowest with a a price to forward sales ratio of 0.05. Following is USA Truck with a a price to forward sales ratio of 0.11. Covenant Transportation ranks third lowest with a a price to forward sales ratio of 0.13.
Vitran follows with a a price to forward sales ratio of 0.15, and PAM Transportation Services rounds out the bottom five with a a price to forward sales ratio of 0.21.
SmarTrend recommended that subscribers consider buying shares of Vitran on June 10th, 2013 as our technology indicated a new Uptrend was in progress when shares hit $5.39. Since that recommendation, shares of Vitran have risen 21.5%. We continue to monitor Vitran for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
http://www.mysmartrend.com/news-briefs/...forward-sales-yrcw-usak-cvt
Standpoint Research Starts YRC Worldwide (YRCW) at Buy; Sees 100%+ Upside
Standpoint Research initiates coverage on YRC Worldwide (NASDAQ: YRCW) with a Buy and $50 price target, suggesting more than 100% upside.
For an analyst ratings summary and ratings history on YRC Worldwide click here. For more ratings news on YRC Worldwide click here.
http://www.streetinsider.com/Hot+New+Coverage/Standpoint+Research+Starts+YRC+Worldwide+%28YRCW%29+at+Buy%3B+Sees+100%25%2B+Upside/8447468.html
"niedriges kgv, davon kann doch yrcw nur träumen" - der ist super :-)
lass uns einfach weiter träumen, ab in die ecke und weiter darüber ärgern dass du nicht bei 7 oder 14 dollar mit dem kloß in der hose eingestiegen bist ;-)
wieder haben egal wie lange es dauert... Denke da brauch Covenant Jahrzente für..
Eine Meinung von viele in YRC US Forum.. Etwas Übertrieben, aber man soll seine Träume nie aufgeben
YRCW was once $433,000.00 much better investment than Berkshire Hathaway after all..
http://finance.yahoo.com/mbview/threadview/?&bn=01e7219d-ab30-3ef1-8e29-9f3b57eb01ca&tid=1372383166947-710c0b13-048e-4565-abfe-1d08bcafe7b2&tls=la%2Cd%2C1%2C3
The major catalyst for the jump in stock price was its Q1 results, or at least that's what some people would like to believe. Operating income improved from -$48.8M in Q1 2012 to $9.9M in Q1 2013, a $58.7M increase on declining revenues. On the surface that appears great and exactly what the doctor ordered for the company, but you have to look at previous quarterly reports to get the full picture. In Q4 2012 consolidated operating income increased by $68.1M over Q4 2011. In Q3 it increased $53.4M. In Q2 it achieved its first operationally profitable quarter since 2008.
If these results were so great why didn't they cause the stock to rise back then? Instead the stock price simply saw a small bump then went back to trading in the $5 to $8 range because these results are not that good. Note that I am referring only to the company's operating income which does not cover interest payments on the debt outstanding so the company continues to erode the horrid looking balance sheet.
There is no reason for YRCW to have risen from $7 to over $25 solely in the few weeks immediately after the Q1 2013 report. The savings seen in Q1 appears to be no more than the carry forward benefit of cost savings and pricing discipline initiatives undertaken by the company in the early part of last year. If the market truly believed in YRCW's turnaround the stock price should have risen steadily from $7 to $25 or more over a longer period of time starting in the middle of last year when it first reported improvement in the financials.
In the Q1 report the leadership team spoke of further operational efficiencies that will lead to $25M to $30M in savings per year, a significant slowdown of the $50M-$60M a quarter we have seen from the company over the past four quarters. That's not nearly enough to get YRCW to profitability. Referring to the Bloomberg data below it has lost $80M over the last four quarters and continues to have negative free cash flow of over $90M, which is forecasted to be -$18M in 2014 by analysts. That number is based on an increase to revenue to $5.2 billion from $4.8 billion when the company has demonstrated that it is in revenue decline. So it looks like any improvement to the bottom line will have to be solely done through cost savings. I agree with the comments on May 3rd made by Credit Suisse which state that the Teamsters will look to capture an increasing share of improving economics as the company moves forward so no matter what happens it will always be an uphill battle for YRCW to report improved earnings.
Rather than being due to an improved market outlook, I believe the stock has moved up thanks to tricky headlines, faulty logic and a pump of the stock by various forces. The headline for its Q1 report was "YRC Worldwide Reports First Quarter Positive Operating Income for the First Time in Six Years" which can easily be misinterpreted or misspoken as its "first quarter of positive operating income in over six years." But its previous quarters had positive operating income and that did not impress analysts nor the market because YRCW still faces daunting debt issues even with these improved financials.
One example of faulty logic to the bullish case for YRCW is that the company looks very undervalued relative to revenue. Its revenue is around $5 billion and the market cap has just surpassed $200M so it has a 0.04 or 0.05 Price to Sales ratio. Arkansas Best Corporation (ABFS) has a ratio of 0.20 to 0.25 Price to Sales but has much lower debt so its Enterprise Value to Revenue metric is 0.25 while YRCW's is actually higher, hovering around 0.3. Con-way Inc. (CNW) has a P/S of around 0.4 with an enterprise value to Revenue being under 0.5. So when we consider its debt load and measure YRCW's revenue in terms of enterprise value the company is more or less inline with its competitors. Its very low Price to Sales metric doesn't represent a catalyst to claim a $150 target stock price on the stock, it represents the overall lackluster reaction the market has to sales in the very low margin trucking industry which is just magnified by YRCW's high debt load. If you truly believe that YRCW is undervalued in price by six-fold, then you have to believe the exact same for ABFS and CNW because there's no financial ratio that implies YRCW is cheap when compared to either of them when you account for the debt. YRCW is just highly leveraged, not undervalued.
Another catalyst to the sudden rise in YRCW's stock price, particularly that on June 25th was a target price of $50 announced by Standpoint Research. Up until this time I have never heard of Standpoint Research. They pride themselves on being the top research firm for accuracy as measured by Motley Fool at 68.6%. The firm did well, but who wouldn't do well when measured against 2008-2013, one of the biggest sustained bull runs on the US market ever, and the majority of your picks are bullish calls on high beta stocks? If you review my Motley Fool Caps score, you'll see that my accuracy score is 72.9% which beats its current score of 68.1% by nearly 5% over approximately the same time frame. So you can believe my short call on YRCW and have a slightly better chance of being right than by following its long call if you assume past performance is indicative of future results. Hundreds of players on the Motley Fool game have even higher accuracy scores than me. As in other words, it's not that hard to have very good stock picking accuracy when you are nimble in the market. Standpoint comparing itself to larger firms that don't have the desire nor the business plan to jump in and out of stocks and change targets every few months like it does is not fair.
(Fortsetzung folgt)