Anyone still here? Shout if you are on this board :)
I bought ATLS when it was still ATLS last summer at 23, knowing that this FedEx thing was going away in 1998. Look where we are now. What are people's thoughts about things going foward? I am impressed with the growth fundamentals here.
Today there was a press release:
Friday March 13, 1:55 pm Eastern Time
Company Press Release
Atlas Air Announces Stock Repurchase Program
GOLDEN, Colo.--(BUSINESS WIRE)--March 13, 1998--Atlas Air, Inc. (NYSE: CGO - news), announced today that it intends to
repurchase in the open market, from time to time, up to 100,000 shares of its common stock.
Such shares will be available for use under its employee stock purchase and option plans.
''At current stock price levels, we see an excellent opportunity to fulfill our anticipated obligations under our stock plans, which are an
important element of our overall employee incentive programs. Additionally, if our stock price remains at these attractive levels, the
stock repurchase program may be expanded beyond the initial 100,000 shares,'' stated Michael A. Chowdry, Chairman, Chief
Executive Officer, President and CEO of Atlas Air, Inc.
Atlas Air is a United States certificated air carrier that operates a fleet of 747 freighters under long-term ACMI contracts. These contracts
include the provision by Atlas of Aircraft, Crew, Maintenance and Insurance for some of the world's leading air carriers, including
British Airways, China Airlines, Emirates, Fast Air, KLM, LAS, Lufthansa, SAS, and Thai International Airways, serving a total of 62
cities in 38 countries. |
