USXP Must Read DD..from SI below...
Date: Sun July 13, 2003 01:22:27 PM Message #: of 458248
A review of segment on ABC's BusinessNOW this morning..
the leadoff for the show was "what America needs is a good 3 cent stock that can grow to $30. or $40 dollars..
(THAT'S a heck of a lead in!)
The segment was 4 minutes 11 seconds and lead off the BusinessNOW show.
CEO Richard Altomare was given 4 segments to discuss the company & concept. Further into the piece discusses the company coming a long way since the 1990's when the company was 52 million of debt. "credit CEO Richard Altomare... has led the bankrupt company out of debt & by classic outsourcing created 3 divisions." The 3 divisions are then discussed. "Altomare built the postal network using the model of FTD."
USXP has a gift card program with FTD.
USXP has their Luggage Express and their Virtual Bellhop businesses which allows you to travel completly luggage free. It is designed towards the upscale traveler. Virtual Bellhop has even been ranked by the Wall Street Journal as the best service for complete luggage delivery
Further discussed in the segment "combining all of the pieces, the company is working on aquiring right now, you end up with a little tiny company with HUGE revenues" "$300 million in funding commitments" (the money they are waitng for from the fraud judgments?)."US Express is an undervalued $20 million company with visions of doubling, tripling or quadrupling in the near future." "American dream & spirit is alive & well and young vibrant companies like USXP are still out there following their dream and following their goals & miracles do happen"
The end had the host giving the location of the companies offices & the ticker symbol trading over the counter.
The segment was completely positive. Here is a link to see it. businessnow.com The piece is being sent later this week to 250 more ABC stations to be aired July 17.
Barcharts 100% buy,, don't see that too often. quotes.barchart.com
Imo USXP is a put away and forgetaboutit stock, which I have done since $.045...wake up Xmas morning this year to maybe $.50 (ok, being conservative, maybe more) and in a couple of years, smile to the bank with $3.00 to $4.00 a share. (Not withstanding the comments in the piece that it could be a $30. to $40. stock.. I'd need a lot of heart medication if THAT were to happen!) Sure it could crash & burn, but the potential is too great to ignore. Not a trading stock imo, a hold.
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