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Non-Tech : Atlas Air

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To: Eric Berry who wrote (79)	7/28/1997 12:39:00 PM
From: Thomas J Pittman	of 182

I wonder if you have any predictions on how long it will take us to see improvement in the stock price and if you think we will head down for awhile due to the continuing expected impact of the five planes. It strikes me that the earnings estimates are about to be reduced for the period covering about the next calendar year or so. Many investors, I would think, would experience some alarm at this and we may see even lower prices. However, it strikes me also that there might be people like me out there that are targeting the earnings (and accompanying stock price) in 99 or 00. In that light 23 looks like a heck of a bargain, even if you had to wait a couple of years and endure 17 or so in between. What do you think? J

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