Stock Market Question

[jjoerger]

Can someone explain how a company like YRC can stay in business when there stock has become practically worthless?
I know at one time back around 2006 there stock traded above $40 per share.
In Oct, 2010 there stock was down so low it was about to be delisted on NASDAQ, so they executed a 25 to 1 reverse split. $.25 shares became worth $6.25. Today the stock closed at $.77 a share. Equivalent to $.0308 per share before the split.

 

[Dakota]

Do you have stock in a company that is color blind?

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[jjoerger]

Nope. I almost bought when it was at 10 cents a share before the reverse split.

 

[Turtle]

Can someone explain how a company like YRC can stay in business when there stock has become practically worthless?

Like this.

 

[paullud]

Like this.

Ouch those numbers hurt but it may be a great time to invest.

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[Moot]

Ouch those numbers hurt but it may be a great time to invest.

Put your money on the Houston Astros to win the World Series.

 

[Camper]

Can someone explain how a company like YRC can stay in business when there stock has become practically worthless?

Many ways..Continued strong operating profits, borrowing, private equity, etc.

 

[jjoerger]

Today, 9/9/2011, they closed at $0.481. Equivalent to $0.01924 before the 1 for 25 reverse split. There stock is now worth less than 2 cents per share.
I am so glad I didn't listen to a friend who advised me to buy at 10 cents a share.

 

[garyatk]

A troubled company with a workforce controlled by the Teamsters is not a good investment in my opinion...

 

[clcooper]

poor management. to many hands in the cookie jar

 

[AmPack]

Can someone explain how a company like YRC can stay in business when there stock has become practically worthless?

Many ways..Continued strong operating profits, borrowing, private equity, etc.

Really??!! "Continued strong operating profits"? I don't think Wall Street would penalize a company with "strong operating profits".
I'm glad that you are not a financial adviser...Just kidding