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To: reaper who wrote (195380)	10/4/2002 2:15:26 PM
From: Mark Adams	Respond to of 436258

Nor is the practice limited to high-technology companies. Eli Lilly (LLY, news, msgs) has pursued a strategy involving forward contracts and put options, much like that of EDS, that leaves the company on the hook for about $150 million. ... Eli Lilly, for example, has the bulk of its contract coming due in two parts: one for the purchase of 900,000 shares at $83 this November, and the other for the purchase of 4.5 million shares at prices from $86-to-$100 at the end of 2003. moneycentral.msn.com

To: reaper who wrote (195380)	10/4/2002 3:07:24 PM
From: ild	Read Replies (1) \| Respond to of 436258

I need this to be explained to me: They LIKED they were downgraded. The more they are downgraded the better for their business, right? Radian To Expand Financial Guaranty Capacity biz.yahoo.com ... in response to Standard & Poor's downgrade of its reinsurance unit to AA from AAA. ..."Radian Reinsurance's new AA rating will free significant capital for us to redeploy to Radian Asset Assurance, beginning immediately. ...

To: reaper who wrote (195380)	10/4/2002 5:51:37 PM
From: Andriy Turhovach	Respond to of 436258

Reaper - Here is a list of all the publicly traded trucking companies. The numbers in the last three columns are: Today's Closing Price, 52 Week Low, and 52 Week High. AB Cannon Express AMEX 0.60 0.36 1.30 ABFS Arkansas Best NASDQ 29.61 17.83 31.49 AHI Allied Holdings Inc AMEX 2.98 1.00 5.90 ASHE Asche Transportation Svcs OTC 0.0001 1.3700 1.8400 AUTO Autoinfo Inc OTCBB 0.1650 0.0000 0.0000 AWX Avalon Holdings'A' AMEX 2.02 2.02 3.40 BOYD Boyd Bros Transportation Inc NASDS 3.75 2.15 5.25 CDV CD & L Inc AMEX 0.47 0.22 0.75 CFWEQ Consolidated Freightways NASDQ 0.03 0.02 5.55 CLDN Celadon Group NASDQ 11.81 3.30 13.99 CNF CNF Inc NYSE 31.42 21.80 38.28 CVTI Covenant Transport 'a' NASDQ 16.75 10.00 23.00 DDN Dynamex Inc AMEX 2.41 1.85 2.90 DMSC Dispatch Management Services OTC 0.0030 0.0000 0.0600 FFEX Frozen Food Express NASDQ 2.07 1.90 3.50 FWRD Forward Air NASDQ 18.28 16.57 35.50 HTLD Heartland Express NASDQ 18.60 14.62 25.03 IRNE Intrenet Inc OTC 0.0020 1.3100 1.3700 JBHT Hunt(JB)Transport NASDQ 22.60 13.51 32.37 KNGT Knight Transportation NASDQ 15.09 13.70 24.27 LAND Landair Corp NASDQ 9.92 4.34 11.60 LMRI Logistics Management OTCBB 0.0470 0.0300 29.0000 LSTR Landstar System NASDQ 51.57 30.72 57.15 MG Morgan Group AMEX 0.25 0.25 3.40 MLKIQ Matlack Systems Inc OTCBB 0.0010 0.0000 0.0000 MRTN Marten Transport NASDQ 18.86 14.15 21.89 ODFL Old Dominion Freight Line NASDQ 19.25 10.25 20.15 PATR Patriot Transportation Holding NASDQ 21.69 16.70 35.00 PTSI P.A.M. Transportation Svcs NASDQ 19.26 8.73 27.50 ROAD Roadway Corp NASDQ 37.59 20.58 41.22 SCST Scs Transportation Inc W/i NASDQ 7.50 6.57 20.00 SIMNQ Simon Trans Svcs Inc Cl A OTC 0.0001 0.0000 3.5000 SMXC Smithway Motor Xpress'a' NASDQ 1.23 1.02 2.75 SWFT Swift Transportation NASDQ 15.08 14.80 25.58 TCAM Transport Corp Amer NASDQ 5.22 4.80 7.39 TP TPG NV NYSE 16.50 16.28 22.72 TRGP Transit Group OTC 0.0060 0.1200 0.1300 TRUKQ Builders Transport Inc OTC 0.0010 0.0000 0.0000 TSMX Trism Inc New NA 0.01 0.00 0.00 UPS United Parcel Service'B' NYSE 61.60 49.80 67.10 URSI United Road Services OTCBB 0.3000 0.2300 0.6300 USAK USA Truck NASDQ 6.56 6.50 14.37 USFC Usfreightways NASDQ 28.69 26.40 39.32 USOO Us 1 Industries Inc OTCBB 0.5500 0.0000 0.0000 VEXP Velocity Express Corp NASDS 1.69 1.65 18.10 WERN Werner Enterprises NASDQ 17.97 13.35 22.17 XPRSA U.S. Xpress Enterprises'A' NASDQ 8.19 4.60 14.55 YELL Yellow Corp NASDQ 27.74 18.00 32.68 Damn! Can't get this thing to format correctly... Sigh

To: reaper who wrote (195380)	10/7/2002 12:40:13 PM
From: Andriy Turhovach	Read Replies (1) \| Respond to of 436258

Reaper - Further to my post listing publicly traded trucking companies, I would like to offer the following observations. I have broken down that list to include the following companies. Those not included in the below list are extremely small, have little if any trading volume, and are traded on the OTC or OTCBB or other less than desirable exchanges - in my opinion they just aren't worth the effort. The rest can be broken down into two major categories. The LTL or "less than truckload" group, and the OTR national truckload carriers. In the first group you have Arkansas Best (ABFS), Old Dominion (ODFL), Roadway (ROAD), and Yellow Corp (YELL). With Cornflake's (CFWEQ) demise, these LTL carriers have picked up considerable additional business. CFWEQ's difficulties were probably related more to inept management rather than any dramatic weaknesses in the sector (IMHO). Cornflake was a huge player in the industry - the freight it carried and which will now be carried by its competitors is not inconsequential, a factor which no doubt contributes to the survivors being at or near their 52 week highs. The other group, the "over-the-road" national long haul truckload carriers can be divided into two groups. The first group would have to be the "big three" - JB Hunt (JBHT), Swift Transportation (SWFT), and Schneider International (which is not publicly traded). These three have, over the last ten years, been the key players in the trucking industry's M&A scene. There is no reason to think that this will change in the foreseeable future. The rest of the players just aren't big enough to play this game. This leaves the second group. Canon (AB), Celadon(CLDN), Covenant(CVTI), Heartland(HTLD), Knight(KNGT), Landstar(LSTR),PAM Transportation(PTSI), USA Truck(USAK), US Freightway(USFC), Werner(WERN), and US Express(XPRSA). These guys would be the potential targets of any further acquisitions, and would, IMO be the ones most susceptible to feeling any downward pressures in the industry. Mind you, that among these "second-tier" companies, one will find some very capable businesses run by excellent management. Some are niche players in a very specialized segment of the industry (although its been my experience that very highly specialized carriers tend to be fairly small, non-public companies). Incidentally, any companies I may have left out of this listing were left out simply because I know nothing about them. As well, I have no opinion WTR to Buster Brown (UPS), although I see someone else has expressed their opinion already this morning ;) What's the point of all this? Don't know. Someone brought up the trucking industry as a possible "sell" category a la the "homies". I suppose if one is a fervent believer in the coming apocalypse as detailed by Russell among others, then this industry sector is, no doubt, ripe for the pickin'. My only caveat is this (and I admit to not thinking about any of this a whole hell of a lot - heck, I'm just a simple-minded S&P 500 futures trader who's definition of the long term is anything more than five minutes) - these guys seem to have done pretty well for themselves over the last couple of years in a less than ideal economic climate. If, and I'll be the first to acknowledge the bigness of that "IF", stuff improves, I'm not so sure I'd want to be sitting on the short end of any of these companies. Back to lurk mode. Regards...