Anthony Alfidi's  Instablog

Anthony Alfidi
Send Message
Anthony J. Alfidi is the founder and CEO of Alfidi Capital, a private research firm in San Francisco, California. Alfidi Capital publishes free financial research with honesty and humor. Mr. Alfidi holds a Bachelor's degree in human resource management from the University of Notre Dame (cum... More
My company:
Alfidi Capital
My blog:
Alfidi Capital Blog
  • YRC Worldwide Pins Hopes On Higher Volume In Q3 2010  0 comments
    Oct 19, 2010 12:20 AM | about stocks: YRCW

    I can't resist another peek at my favorite "sick man" in trucking, YRC Worldwide.  It's claiming once again to be narrowing its losses.  It made this claim last quarter and turned out to be correct in the narrowest possible sense.  Good luck making that claim if the union leadership can't sell the latest round of concessions to its rank and file members.  Good luck keeping revenue up if the sluggish economy and the costs of complying with the Comprehensive Safety Analysis 2010 prove to be as tough as many truckers suspect

    Oh, by the way, assertions that rising fuel costs help LTL carriers are dismissed in news that YRCW is counting on falling fuel costs to help its earnings.  Maybe that only works with LTL carriers that have pricing power, which YRCW should have given the size of its gross revenue.  Maybe this just shows that YRCW doesn't know what it's doing, or tries to spin changes in fuel costs any way it can if analysts aren't paying attention. 

    I am not short this stock.  I have never had any position in YRCW (now briefly YRCWD since the reverse split), although I've been tempted to go short.  I'll resist that temptation as much as I can.  Maybe the company can pull off a miracle for the sake of their shareholders and employees.

    Disclosure: No position

    Stocks: YRCW
Back To Anthony Alfidi's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.