It has been six weeks since I last wrote about YRC Worldwide (YRCW) and I have had some requests to update people on my stance on the stock and the company.
In the past six weeks YRCW has been on a roller coaster ride. From $5.75 to $9.60 then back down to $6.70 all in the span of six weeks. That kind of volatility is sure to shake out a lot of people.
The issue is there is very little faith in the company's ability to turn around their business and become profitable again. This lack of faith is supported by 5 years of heavy losses and a substantial debt burden. The company paid $150.8 million in interest...
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