Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: michael john stout who wrote (4037)	2/15/2004 9:27:34 PM
From: BulbaMan	Respond to of 37387

ABX over-the-counter stock could take off - Barron's Sunday February 15, 6:25 pm ET NEW YORK, Feb 15 (Reuters) - Cargo airline ABX Air Inc. (OTC BB:ABXA.OB - News) has the potential to dramatically increase its earnings and stock price, due to its connection with a German postal agency making a move into the U.S. express delivery market, Barron's Online reported. The over-the-counter traded company is little-known and has been publicly owned only since August but is making money, and long-term contracts essentially assure its profitability, the paper said. According to Barron's, Wilmington, Ohio-based ABX has the potential to increase sales and earnings because it is the key to the foray by Deutsche Post into the U.S. market for express delivery of parcels and letters, a market currently dominated by FedEx Corp. (NYSE:FDX - News) and United Parcel Service (NYSE:UPS - News). The paper said ABX Air is now flying at an estimated 80 percent of capacity, doing most of its business with parent Airborne and the DHL Worldwide (DHL.UL) network, and that number could rise if Airborne and DHL begin to pick up share in the United States, it said.