Thursday, September 30, 2010

YRCW YRC Worldwide Hits The Skids, Bankruptcy Next?

Today YRC Worldwide hit the skids as share volume spiked and price dropped. I have noticed YRCW over the last few months as the company warned about its mounting debts. It looks like YRCW is about to go the way of Blockbuster, bankruptcy! In many cases shareholders of bankrupt companies get nothing, as seen in many recent mega bankruptcies, like GM General Motors. What's amazing about YRCW at this stage is that there are still analysts willing to offer share price predictions for the common stock.  Listed on Yahoo Finance, the analyst estimate for the share price of YRCW is less than inspiring at just 20 cents.

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