AI
Wednesday, March 10, 2004 4:54:47 PM
Doom and Gloom in the Transports ... not
Goodness. Sounds like there's hardly anything for Yellow Roadway to transport, economy crashing, earnings a figment of the imagination, cyclical recovery disappearing before our very eyes ....
Oh wait. That's just the fed reserves delusional daydream. Seems out in the real world, Yellow Roadway is seeing solid demand, raising guidance, etc.
Oh, and such egregiously overpriced at that nosebleed P/E of ..... less than 10. LOL.
16:06
YELL Yellow Roadway narrows Q1 EPS towards high end; reaffirms Y04 guidance (29.77 -0.55)
Co increased Q1 EPS guidance to $0.30-$0.35, Reuters consensus is $0.29, which represents the upper half of original guidance of $0.25-$0.35. "Through February, all our operating companies met targeted levels of profitability," said Bill Zollars, Pres and CEO. "The overall economic environment and business volumes are sound, with February improving over January." Zollars also states that "Based on current economic activity and the overall performance of co to date, we remain comfortable with our 2004 EPS guidance of $3.00, plus or minus 10 percent", Reuters consensus is $2.87.
Zeev, your correction call is right on the money. Going to be a nice spring rally at least partially fueled by the shorts who have been so scared to get in they've watched this minor meltage and only get in at the end. Just soon enough to get whiplashed.
And all the pantywaists bidding PG and Avon up to silly levels as they run away from cyclicals will just wind up turning right back around the moment the "everybody back in the pool" call goes out.
Goodness. Sounds like there's hardly anything for Yellow Roadway to transport, economy crashing, earnings a figment of the imagination, cyclical recovery disappearing before our very eyes ....
Oh wait. That's just the fed reserves delusional daydream. Seems out in the real world, Yellow Roadway is seeing solid demand, raising guidance, etc.
Oh, and such egregiously overpriced at that nosebleed P/E of ..... less than 10. LOL.
16:06
YELL Yellow Roadway narrows Q1 EPS towards high end; reaffirms Y04 guidance (29.77 -0.55)
Co increased Q1 EPS guidance to $0.30-$0.35, Reuters consensus is $0.29, which represents the upper half of original guidance of $0.25-$0.35. "Through February, all our operating companies met targeted levels of profitability," said Bill Zollars, Pres and CEO. "The overall economic environment and business volumes are sound, with February improving over January." Zollars also states that "Based on current economic activity and the overall performance of co to date, we remain comfortable with our 2004 EPS guidance of $3.00, plus or minus 10 percent", Reuters consensus is $2.87.
Zeev, your correction call is right on the money. Going to be a nice spring rally at least partially fueled by the shorts who have been so scared to get in they've watched this minor meltage and only get in at the end. Just soon enough to get whiplashed.
And all the pantywaists bidding PG and Avon up to silly levels as they run away from cyclicals will just wind up turning right back around the moment the "everybody back in the pool" call goes out.
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