Moving quickly with the upturn in economy.

BEAT DOWN

If the Baltic Freight Index seems to go down every day, then why is FedEx (FDX)still going higher? If Ryder's (R) getting hammered, why isn't United Parcel Service ()? Why are the rails still higher when YRC Worldwide (YRCW) can't get out of its own way? Do you know that CSX (CSX) and Union Pacific (UNP) just had nice moves and they aren't giving them up?
Maybe all of these moves are just plain false. You simply can't get stocks to stay up if things are as bleak as the Baltic indicates. It is too predictive. ("The Salutary Effect of Destocking," 4-8-09)

From a recent Mad Money show:

"I think it's finally had a good quarter and is starting to rally. I'd be a buyer and pull the trigger. I'd recommend that one."

Neutral - Price 16.07 on Jan. 2
by Baird Securities

YRCW announced expectations for a 4Q07 goodwill impairment [of] $700 to $800 million. The majority of the impairment relates to 2005 US Freightways acquisition. Book value's now $27/share, from $39; tangible book remains $5/share. Given the uncertainties surrounding its sizable off-balance sheet, multiemployer pension liabilities and operational challenges amid the ongoing freight recession, we continue to recommend investors avoid the name. YRCW now trades at an [EV] to 2008E Ebitda of 9 times...Our revised 2007/2008 EPS estimates are $2.33/$2.05, down from $2.40/$2.20...Our new 18 target reflects an all-in enterprise value-to-2009E Ebitda of 8 times. Market-cap: $932 million.

YRC Worldwide (YRCW) was downgraded to Underperform, Wachovia said. Stock will struggle to find a bottom unless fundamentals improve in the near term. Stock will likely trade down around $10 to $13.

lost 50% value in 5 months

Something to keep an eye-on. A solid transportation company trading near it's 52-Week Low.

cheap hedge on economy & gas prices; 8x p/e + 3x p/cf; has 5 yr. payback on earnings

YRC Worldwide (YRCW) was upgraded from Underperform to Neutral, Robert Baird said. $36 price target. Stock is down 32% from February, and will likely bottom out before the fundamentals do.

lost lots of money

failing

Hard name to hold in a fearful US stock market, and with Home Depot and Walmart as major customers, Yellow may not break out somewhat until the recession fears evaporate.

Down approx. 49% this year. Stay away from most trucking transports.

Long term -- 5 - 15 years, yes. Short term, 2007 ??? Stock is beat down and this is good. However, real house of pain possible with Summer oil spike. Punt for now, re-evaluate 01 Aug 07.

Trucking is facing a slowdown, current spot prices are weak and YRC Worldwide is a highly leveraged company with a lot of debt.