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Non-Tech : Atlas Air
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To: Adam Nash who wrote (165)1/26/1999 9:34:00 PM
From: Mark Z   of 182
 
First Call has consensus estimates for FY99 at 2.78 (range: 2.60 - 2.90), just reduced from 2.80. That may not be the 3.00 you're looking for but its still 40% growth and the stock trades at under 25x trailing earnings. Let's see if the latest report leads to some upwards adjustments. Q1 is always a 'weak' quarter - post x-mas - so they won't hit .80 this quarter. Projections call for .39 (.27 - .45).

Getting rid of the FedEx 'airplanes from hell' sure did make a difference in expenses. Operating income jumped 50% from 21% of revenue to 32%. They also recently bought back some high yield bonds they'd issued and their estimate is that will save them $12M next year. That's about 25% of this year's net income.

You're right, its not AtlasAir.Com (although they do have a website by that name). But its doubled since its dip last fall and now that the FedEx planes are gone, there don't appear to be any storm clouds on the horizon.
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