The upside to the quarter was driven by strong cost control and benefit from its fuel surcharge,
More Quotes from Ed Wolfe:
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.Ed Wolfe
FedEx is looking for ways to reinvent itself. This gives me some hope.
Ed Wolfe
Clearly, further weakening in domestic express and international volumes is not a good sign for UPS as well.
Ed Wolfe
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.
Ed Wolfe
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.
Ed Wolfe
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.
Ed Wolfe
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