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Non-Tech : Virgin Express (VIRGY) Richard Branson's European Airline -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (22)	7/12/1999 4:09:00 PM
From: AC Flyer	Read Replies (1) \| Respond to of 62

>>Has this stock any ownership in Virgin Atlantic?<< No. Virgin Atlantic is a wholly-owned subsidiary of the Virgin Group, which is privately-owned. Virgin Express is the Virgin group's short-haul European airline. It is modelled EXACTLY on Southwest. Virgin Express's majority shareholder is the Virgin Group - a minority stake was sold to the public in November '98. Virgin express had two bad quarters last year, due basically to growing pains. The stock (ADS) got hammered as a result. Virgin Express is now back on track and will report 2Q earnings in mid-August that are ahead of the analysts' projections, IMO. Virgin Express is growing revenues at 20+% annually, has outstanding operating statistics (load factors around 80%), and will at some point print money. The ADS has great potential, either through the growth and operating success of Virgin Express, or through some merger/consolidation type transaction. In any case, it's a great value play and is my largest stockholding.