UPDATE: $YRCW
YRCW suggested long at $0.34. KEEP LONG Position. Last $0.50. Says will continue to monetize the assets they have in order to improve balance sheets Have taken $536 mln of debt of the balance sheet; says will attack letters of credit in 2010 (about $460 mln of debt); feels confident that $100-200 mln tied up in letters of credit that will become available after getting reviews from ratings agencies… plan reverse stock split in the next 60 days; get the stock into a single digit dollar range which will help co become more effective in the equity markets; says billion shares is too much… cap ex is $50-100 mln and back end loaded… fleet avg is approx 4 years…