Dahlman Rose Considers a 'New Phase' at YRC Worldwide (YRCW); Staying on Sidelines Amid Dilution, Balance Sheet Worries
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Price: $5.11 --0%
Rating Summary:
5 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Analysts at Dahlman Rose made some reassuring comments on shares of YRC Worldwide (Nasdaq: YRCW) Monday morning.
The firm believes "the restructuring plan, new management, and favorable operation outlook hold the promise of a new phase at YRCW." Still, citing "massive equity dilution and balance sheet concerns..." the firm said it is staying on the sidelines.
Dahlman Rose's FY11 EBITDA estimate moves from $204.2 million to $209.2 million.
Within the Less Than Truckload group, the firm said it sees the following stocks as more compelling: Con-way (NYSE: CNW), Saia (Nasdaq: SAIA) and Vitran (Nasdaq: VTNC).
Dahlman Rose maintains a Hold rating on YRC Worldwide.
The firm believes "the restructuring plan, new management, and favorable operation outlook hold the promise of a new phase at YRCW." Still, citing "massive equity dilution and balance sheet concerns..." the firm said it is staying on the sidelines.
Dahlman Rose's FY11 EBITDA estimate moves from $204.2 million to $209.2 million.
Within the Less Than Truckload group, the firm said it sees the following stocks as more compelling: Con-way (NYSE: CNW), Saia (Nasdaq: SAIA) and Vitran (Nasdaq: VTNC).
Dahlman Rose maintains a Hold rating on YRC Worldwide.
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