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Non-Tech : Atlas Air

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To: Tony van Werkhooven who wrote (158)	11/25/1998 1:52:00 PM
From: Eric Berry	Read Replies (1) of 182

Tony, That was a very interesting article posted on Yahoo. I wonder where it came from? The WSJ? The only thing I can figure this recent run up can be attributed to is the new contract with Fed Ex. But that's just a guess. Short term I think selling now would not be a bad decision. The price has appreciated considerably recently, so a downward drop soon would not suprise me. However, I am not good at timing the market (if I was I could have made a ton of money on CGO!) so I'm holding on. I bought this in 1996 for an average price of $36 - saw it go all the way up to the $70's and watched it fall to the $20's, but I'm hanging in there. According to that article, CGO will have almost doubled it's fleet in just over two years. Amazing. They seem to be hitting on all cylinders so I'm holding... I hope they don't buy any non 747's. That seems like just asking for trouble in the terms of more maintenace. I think just having two types of planes and one type of engine has really helped them keep costs down. For more interesting reading check out the Motley Fool, where they just sold their position in CGO. They have a very thorough discussion as to why they sold.... Good Luck! Eric B.

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