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Non-Tech : Air Express International (Nasdaq: AEIC)
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To: Ernie Ganas who wrote (2)8/11/1998 7:38:00 AM
From: Milk  Read Replies (1) of 4
 
Ernie,

I can see a few reasons why this stock took a nose dive (actually one - Asia):

1. Reported earnings below expectations. Q2 EPS: $0.39 vs. $0.37 last year; Estimate: $0.42.

2. Downgrade

3. Analysts are concerned with the air freight sector in general, due to problems in Asia:

Standard & Poor's analyst Stephen Klein said belief is growing that potential problems facing the sector are likely to become real.

''People think everything that could go wrong will -- oil prices will go up, the econony will go into a recession, rates are going to fall, the Asian contagion will spread,'' Klein said.

biz.yahoo.com

Regards,

Milk
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