Ed Wolfe Quotes (20 Quotes)

We continue to believe that the President is under some pressure to not appear anti-labor, and thus will probably not intervene until some time next week at the earliest, ... But despite his recent popularity with the Teamsters and the AFL-CIO, Bush will, in our view, most likely choose to protect the economy, which appears to increasingly be at risk the longer the port disruption continues.

These people are like family.

Clearly, further weakening in domestic express and international volumes is not a good sign for UPS as well.

We expect the company to continue to pick up momentum through the fourth quarter and 2003 with the Teamster contract further behind them and as the economy improves, ... We expect consensus EPS for 2003 to come down toward our 2.46.

We have noted in the past that our third-quarter earnings per share estimate of 47 cents (versus First Call consensus of 57 cents) would probably be too low if UPS settled early and a second round of freight diversion did not occur, ... As a result of last night's announcement, we will likely be raising our third-quarter EPS estimate in the next few days, once we get better visibility about some details of the contract.

We don't anticipate any impact on the stock. While Kelly has been both an important and strong leader as well as a terrific man, UPS is a large company with great management depth run by committee.

I like where we are in the cycle. You don't buy them when things are good. You buy them when things are bad, in front of Fed easing and fuel coming down, that's when you buy them.

We continue to believe that while domestic express volumes may be close to a bottom, ground volumes, (international express shipments) and especially yields are several quarters away from bottoming.

In the past, Cam's outgoing personality occasionally stirred the passions of investors, ... We believe that a new, less opinionated voice may put some investors at ease.

The driver (for beating the estimate) is the additional revenue falling to the bottom line from the fuel surcharge, ... It (earnings per share) is a strong number any way you look at it.

The earnings implications are probably immaterial, but perception of UPS as a new economy supply chain information provider is real.

If volumes are flat, which is what both FedEx and UPS warned a couple of weeks ago, there's no way shippers are going to pay it, ... It's very pie in the sky. Unless they're going to shrink their business, there's no way they'll get that rate.

FedEx is looking for ways to reinvent itself. This gives me some hope.

The upside to the quarter was driven by strong cost control and benefit from its fuel surcharge,

If after the report on Wednesday investors believe that FedEx will be able to post double-digit (earnings per share) growth during the first half of the fiscal year 2001, we believe the stock should begin to act a bit better. If FedEx management guides the street downward, we believe the stock will be dead money for some time.

Our sense is that the rejection was more a statement of employee sentiment in the airline industry rather than a statement regarding overall labor relations between UPS and the Teamsters, ... However, we believe UPS would want to put this contract to bed before focusing on the national Teamster contract.

Although cats have nine lives, we believe Kitty may be running out of time. If no one extends a life line to Kitty Hawk, there is a real possibility that Kitty Hawk, in its present form, will no longer be in operation six months down the road.

This will be very positive for UPS over the long term, ... This is not material to earnings per share during the next few years, but over time it will be an important growth engine. It is also important to UPS because of the validation of the political time and effort they spent in winning support on Capital Hill for these slots.

We continue to believe that the President will invoke his authority under the Taft-Hartley Act and order union members back to work in the event for a strike, ... Individual members of Congress from West Coast states appear to be taking a more aggressive position, and have been actively calling or writing the ILWU and PMA to encourage the parties to at least extend the current contract, which would minimize the risk of a complete work stoppage.

We've never seen a beast like UPS, ... It's best in class, six times bigger than its next largest competitor. They set pricing. They have best returns in the integrated (freight transportation) sector.