Most of us in the trade already know YRC!! it is a well know company... a stock that traded at almost $1200 is now around $3.20!!!!
amazing as it may sound but the company was close to bankrupt. in the last 2-3 quarters the management has actively worked towards stopping the cash flow bleeding and it can been seen from the company's financial results. i personally feel that the company will do well next 2-3 years and again become profitable. If this happens, this stock will easily go to $30-$80. Can you imagine the upside? but as it is said, risk comes with reward and it applies here to.
i am skipping a trip to las vegas and putting $1500 in this company and hopefully this should be able to finance all my vegas trips for the next 25 years :) fingers crossed!
Stock ticker for YRC Worldwide: YRCW
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