It has been a while, but it seems like YRC Worldwide Inc. (NASDAQ:YRCW) is finally starting to show some movement. This company has been slowly making its move towards its 100-day moving average as it has done in the past.
However, this time there is even better reasons for the rally as for more than six months, company has been restructuring lending agreements, massively shrinking its operations, laying off thousands of employees and obtaining major cost concessions from its remaining workers. Having said that, YRC is still hasn't fully returned to a stable profitability.
Company opened at slightly lower at $4.07, down 1.93% with a volume of 600,865 shares traded.
YRC Worldwide Inc., through its subsidiaries, provides various transportation services worldwide. The companys YRC National Transportation unit offers a range of services for the transportation of industrial, commercial, and retail goods, such as apparel, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products
Heritage Oaks Bancorp (NASDAQ:HEOP) has announced that the company's CEO Lawrence Ward has an intention to retire by the December of 2011. The company has begun to look for candidates for Mr. Ward's successor through both potential internal and external candidates.
The stock saw an increased volume of a little over 105,000 by settling at $3.60 in the early morning at Monday's open. Let us see if the increased activity and volume will continue taking this stock to new highs.
Heritage Oaks Bancorp operates as the holding company for Heritage Oaks Bank that provides commercial banking services to retail customers, farmers, and small to medium-sized businesses in California. The company generates various deposit products, including interest bearing and non-interest bearing demand deposits, checking accounts, savings accounts, money market accounts, certificate of deposit accounts, NOW accounts, and time deposits.
Here's a company that is in shambles. The president of Borders Group (NYSE: BGP) has announced that it will delay payments to certain landlords, vendors and others for the month of January. The reason for the delay is to help the company to meets its immediate debt obligations and maintain liquidity while attempting to get a restructuring loan from
At the market's open, stock has already dived 12% to stabilize at $0.74. Volume has surged to 1.5 million as traders were selling aggresively as the news was perceived as very pessimistic. These are the first signs that the company is having a hard time managing its debt and might fall prey to bankruptcy.
Borders Group, Inc., through its subsidiaries, engages in the operation of book, music, and movie superstores, as well as mall-based bookstores. The companys Borders Superstores segment operates book, music, and movie superstores in the United States. These stores offer books, music and movies, gifts, and stationery, as well as customer services. Its Waldenbooks Specialty Retail segment operates small format stores in malls, airports, and outlet malls
Bank Atlantic (NYSE:BBX) has recently entered into an agreement to finalize its sale of its Tampa franchise to PNC Financials. Co. has also announced that it was planning to concentrate on its efforts in So. Florida and was already beginning to find buyers for its Tampa operations. After the sale of the aforementioned branches, co. is planning to focus on its core market of the 78 branches in Southern part of Florida. The sale is priced at $350 million to PNC financial where PNC will be paying a premium for the deposits assumed in the transaction. In addition, it will pay a net book value of real estate and fixed assets.
BankAtlantic Bancorp, Inc. operates as the holding company for BankAtlantic that provides retail and commercial banking products and services in Florida. It offers deposit products, including commercial demand deposit accounts, retail demand deposit accounts, savings accounts, money market accounts, certificates of deposit, various negotiable order of withdrawal accounts and individual retirement accounts, and Keogh retirement accounts
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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