A couple of posters have talked about the bottom
for the stock price. I think that it is probably
about $16. It seems that some larger players are very
willing to scoop up some larger positions at these
prices. I think the risk/return tradeoff is very good
here. With near-term downside being $16 and near-term
upside being $22. Longer term the market needs to look
more kindly on value stocks again for this thing to
I have a small number of shares that
I am long from the PZX restructuring. For those
looking for more upside from the higher growth
interenational air cargo market swap into Atlas Air Cargo (CGO).
I've done this at $25. Atlas should be able to double
to $50 within a year.
-I'm not an ex or a current but probably know
more about coal that anybody currently
-The mineral group's problems began during the late
1980's. Most of the management was trained during the
energy shock when coal prices tripled and more in a
couple of year�s time. Anybody could make money. The
problem was holding on to it, which Pittston did at the
time. The coal industry changed during the 80's and
Pittston didn't. A brief review of their history indicates
that at every crossroad they went the wrong way. I
know hindsight is wonderful but a wrong turn every
time? Recent examples, put in a met mine with high
mining and transportation costs at the end of a ten-year
period of high met coal prices. And put it in with UMWA
workers? Nobody is opening up new mines with union
workforces. Legally Pittston didn't have to, more internal
politics. And now sell when then coal industry is
experiencing low valuation problems (ex.Arch Coal and Consol
recent offerings), and terrible product pricing. The
coal group management didn't change with the times.
There were several times they were presented with a
chance to move into the new world but they didn't. Big
Foot finally removed them. But alas, too little, too
-The question you have to ask is with all the
bad press and feelings that exist in the other
companies, will the current management be proactive and fix
Brinks et al or will they follow the former Neros and
fiddle while Rome burns down around them?
is in fairness to M Dan the mineral group was dead
when he got there. His only fault was why did it take
him so long to pull the trigger.
-By the way. Has
it escaped everyone else's eye or does Pittston's
Glen Allen office look ready to face a siege with the
brick walls, pointed fences, and guard gate? They ought
to know from their union brothers (which I am sure
as hell not one of those) you can run but you can't
-One final point,(if they do actually
read this board) a company's failure is always the
leadership's fault. The workerbees follow the leads set by
their managers. It doesn't matter if they be good, bad,
or indifferent examples. You make the big jack on
top and that is one reason why. Blame rests squarely
and singularly on your shoulders.
resigned to go work for a company called Union
Air Transport. Is that not where the infamious Mr.
Greg Montgomery went to work as President of their US
operations? Mr. English reported to him at BAX, I believe.
If correct, the Mazza memorandum is somewhat
unfortunate and could prove to be very costly. Was it not
this company that recently lost a suit from an ex
employee, with a price tag of $1.5 million?
Fact 1 Richard English, BAX's corporate license
Fact 2 The VP of International
Operations for BAX sends out an email regarding Richard
resigning and stating something along the lines of
"Although Richard was only with BAX for six months, he was
unable to adapt to the rapid changes we need to
Fact 3 The same VP sends out a long email that
includes something like "I apologize for any
misunderstanding caused by my prior e-mail. I did not intend to
disparage Richard or his contribution to the company. Thank
Prediction, if Richard wanted to pursue it....... well you
know the rest.
Who reads these memos before
they get distibuted company wide?
saying something like not being able to adapt is one
thing, telling everyone system wide is pretty bad I
...take a look at some of the others. If you
believe what's said on message boards, you should believe
that every transportation company in America has poor
performing, overpaid, upper management. The first quarter is
not even over and the board has less than 200
postings, and, most of those are from six people. If this
board were not a forum for complaining, there would be
a few people without a mission in life.
believe this stock is under-valued but it is still going
to drop to $10-12. Once the "quiet" management makes
decisions, or announces it's decisions, to move into the
21st century, it will be time to buy. Come on Mr. Dan,
let's hear about your three to five year plan.
if everyone on this board really thinks the
management is going to run this company into the ground,
then just go ahead and short PZB.
doing so, ask yourself this question. "Do I feel lucky,
Senior management should be involved in
productive matters, but that requires knowledge of and
experience in one's field; BAX management has neither. While
it is true that a good deal of venting goes on here,
there is very little raving.
I heartily agree with your assertion. Yet I can
tell you that I have good sources, and I stand by
statement. I'm sure some of the comments on this board have
caused red faces, but no aneeurisms yet. If you haven't
done so yet, please click on my profile, and the My
Voice link to hear my guess at what management's
reaction is to some of the various commentary expressed
If senior mgmt of any large company paid even the
slightest attention to the ventings and ravings of people
on a stock board, no stronger evidence could be
found of gross incompetance.
Senior mgmt is,
presumbably, highly paid to engage in productive activities.
Looking for that rare insightful post would be a very
poor use of mgmt time.
I respectfully disagree. I am quite certain that
the Senior Mis-Management takes this board seriously!
Granted, they probably know as well as the next guy that
this board won't do much for the stock price either
way, but that's not it. Who do you think hates having
their own mediocrity pointed out than a bunch of
bungling, impudent autocrats! And there is not a darn thing
they can do about it. I do happen to know that they
all read this board first thing every
Have a nice day,
if you actually think management would take
anything that they read on this board seriously! With most
of the posters here being ex's why would they care
what we have to say (especially when there has been
little said constructive?) Not to mention that everyone
posts under an alias.
Sure, management can and
should be blamed but so should some underlings (maybe
even some forklift drivers.) And is it possible that
management may have actually done something right? Heaven
I am simply trying to find out if there is anyone
out there that may actually have some information
that would be valuable in making an investment
decision in PZB.
Can anyone answer.....
this stock go anywhere?
Certainly not to
Infinity and Beyond!