Comments on: YRC Worldwide Narrowly Avoids Bankruptcy http://www.businesspundit.com/yrc-worldwide-narrowly-avoids-bankruptcy/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 03 Feb 2012 07:09:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: chicky http://www.businesspundit.com/yrc-worldwide-narrowly-avoids-bankruptcy/comment-page-1/#comment-21098 chicky Tue, 26 Jan 2010 00:39:01 +0000 http://www.businesspundit.com/?p=17526#comment-21098 This melodrama is one in which timing is everything...the timing of the markets; of credit "tightening," specifically, the ability to restructure debt and improve "ratings" in the aftermath of the ratings FAILURES that created the problems in the first place. Debt is nothing new in the world of high finance. What is new is the traction that one company can apply to meet the hardships, and hopefully survive. My confidence lies with YRCW. IMO, YRCW has perfectly positioned it's debt - and it's balance sheet - to meet the peer pressure within the industry, and at the same time, exposed the price-fixing/collusion that has occurred throughout the industry, and a great deal of the soap opera lies with the competition who used falsehoods and outright lies to presumably gain vendors by way of dirty tactics, such as "advertising" an imminent YRCW bankruptcy in an effort to gain marketshare. These same forces will experience the backlash of reckless behavior. I have personally "boycotted" Fedex, even when I have needed quicker delivery. If nothing else, I use USPS and UPS to deliver. No more Fedex! I hope others will follow. This melodrama is one in which timing is everything…the timing of the markets; of credit “tightening,” specifically, the ability to restructure debt and improve “ratings” in the aftermath of the ratings FAILURES that created the problems in the first place.

Debt is nothing new in the world of high finance. What is new is the traction that one company can apply to meet the hardships, and hopefully survive. My confidence lies with YRCW.

IMO, YRCW has perfectly positioned it’s debt – and it’s balance sheet – to meet the peer pressure within the industry, and at the same time, exposed the price-fixing/collusion that has occurred throughout the industry, and a great deal of the soap opera lies with the competition who used falsehoods and outright lies to presumably gain vendors by way of dirty tactics, such as “advertising” an imminent YRCW bankruptcy in an effort to gain marketshare.

These same forces will experience the backlash of reckless behavior. I have personally “boycotted” Fedex, even when I have needed quicker delivery. If nothing else, I use USPS and UPS to deliver.

No more Fedex!

I hope others will follow.

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