YRC Worldwide Proves the Skeptics Right

Doug Kass in his own post at TheStreet.com just beat me to the punch on what I'm about to say, but he and I have been going back and forth on this all morning:

YRC Worldwide (YRCW), the trucker, yesterday pared its fourth-quarter earnings outlook, citing "lower-than-expected volumes due to the slowdown in the economy."

But wait, scroll back several earnings-press releases ago -- to July -- and the story was different. In conjunction with reporting its best-ever earnings per share, the trucker's CEO, Bill Zollars, said, "We anticipate a healthy economy and look forward to a solid second half of the year."

So much for forecasts. (And if only this were the first time this company warned this year. If you didn't know better, you'd think something else was going on -- maybe one merger too many, but I digress...)

YRCW 1-yr chart:

Comments

[TRUCKERBLUES]

As a run of the mill truck driver out of Chicago and employee of YRC, the only solution I see at The Corporate Tower of YRC is to get rid of
Zollars and the rest of his cronies and start the recontruction of
this once great trucking company and the regionals that are spiraling down and out of control, there is no other way gentlemen, we need a new captain at the helm. Something I heard along the way in my 30 yrs in trucking, " Just because you know how to navigate it does not mean you can get us through the storm ".

Having said that, I hope the stock holders do not reward these incompetent knot heads with $$$$$$$$$ millions of dollars $$$$$$$$
in golden parachutes. Thank you and god bless us all.