Materially higher than expected revenue growth and better than expected cost side performance drove the upside in what we view as a high quality, clean quarter.
More Quotes from Edward Wolfe:
Once again, UPS reported stronger-than-expected volume growth but was not able to leverage that growth into strong upside margin improvement, as yields continued to decelerate.Edward Wolfe
CSX's report shows steady improvement on the cost side and it continues to benefit from the strong yield environment that all the rails are seeing. However, the vast majority of the upside in the quarter was driven by gains on sales and we don't expect estimates to rise as fast for CSX as some of the other rails.
Edward Wolfe
Not bad for a total 22 million investment eight years ago.
Edward Wolfe
This will be targeted at protecting the stock if there is a sell off by current owners. This is not new news.
Edward Wolfe
We are increasing our valuation for the group by 10 to 15 percent based on this news. Our sense is that additional consolidation in the group will occur in the near to intermediate term. Other consolidators in addition to Deutsche Post looked closely at AEIC.
Edward Wolfe
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