YRC Worldwide Is out of Its Mind
When YRC Worldwide revealed its plan to buy rival Arkansas Best Corporation earlier this month, a lot of people wondered if the company was crazy -- trying to buy a rival three times its own market cap, and it, YRC, in hock to the tune of $1.2 billion (net of cash) to boot!
The craziest revelation, though, is that Arkansas Best may not be 100% dead-set against the idea, despite YRC's record of losing money, piling on debt, and nearly going bankrupt two years ago. As Fool.com contributor Rich Smith explains, even if Arkansas Best is looking to do a deal with someone, it has much better options than hitching its wagon to YRC.
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The article YRC Worldwide Is out of Its Mind originally appeared on Fool.com.Motley Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends FedEx. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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