Analyst Jeff Kessler, for the Wall Street
Transcript has highlighted PZB as a top pick. This could be
great news for the stock today. Since the company
usually gets very little press and coverage, this could
help us move back to the $20's. We won't stay in the
teens too much longer. There is way too much value here
in the core PZB security and air freight business.
The airfrieght component will be getting a boost from
the Kitty Hawk nightmare. Many of KTTY's planes have
been grounded and the company may seek Ch 11. There is
extreme undercapicity in the air cargo sector right
Lastly, to old PZX holders or those interested in the
higher growth rates in the air cargo market check
Atlas Air (CGO)
I recommended this one before
as a good way to maintain direct air cargo exposure.
The company just posted great earnings yesterday and
appears to be poised for a 10 point move up. Check out
the CGO board for a good discussion.
D_RayW - We may not be that far apart on many
issues but understand a few things.
I am not
particularly a "Campbell Youth". I think he does(or did)take a
lot of heat for some things that may not have been
any of his doing. In most large companies it takes
more than one person to make some of the decisions
that are discussed on the board. The king may be dead
but before we scream long live the new king we need
to find out who really makes the decisions and focus
on those people.
In most cases, outside
consulting companies are never worth it. The people
"in-house" usually come up with the original thoughts and
the consultants just write it down and take credit
for the ideas. This is not the first time I have
heard of (or have had)complaints about that particular
Oracle is the most popular new "language" used by major
companies today, however, you need the resources to make it
work. Debacle? Yes!
As I understand it, BAX has had
years of "Management Flavor of the Month". In other
words, a new program to "save" the company. The program
is partially implemented and then thrown out, only
to be replaced by a new program. I UNDERSTAND the
statement about "elitist morons wielding their MBA's." If
you don't have consistency, you create havoc. Someone
needs to make some smart decisions and stick with 'em.
As distasteful as it sounds, Carnes and even
Campbell seem to have started that trend.
We may not be
that far apart on many things. I am just patiently
watching; some things I see are good and some things are
not so good.
P.S. - Nice way of saying the
fertilizer has hit the ventelator.
c bob that is to the BAX engine
to run it on fossil fuel ( that is bull shit ) and
could not believe there was a foul smell -
ha ha ha ha ha ha
been a huffin too much i
maybe they is still a few brain cells
still functioning -
hit me u lik air gorge
back to fishin
Speaking of sales incentive, I understand that
sales people are receiving no incentive for selling the
new BAX Saver service. I wonder whose brilliant idea
that was. Hey, do you boys ever do any mud boggin'
I was just wonderin', cause I blowed my motor all
to h--- the other day doin donuts in the yard.
as my grandmother used to say
cautioned against false profits ....
sucking the blood out of BAX
hope your legal team is
I hear that dozer coming
down armstrong lane
passing out severence checks
are the tickets to 300 paid summer vacations
Oooooooooooooooeeeeeeeee!!! Things are sure
heating up on this board!
By the way, getmigoat, I
must ask you due to your recent posts, at what age did
you join the Campbell-Youth?
Yes, I would be one
one the "has beens" you referred to. Damn good thing
too. Dealing with a bunch of elitist morons wielding
their MBA's as they summarily cut a swath of
destruction through a functional organization was not
I will have to hand it to the
current management, however, for the way that they have
dealt with poor results. Pure genious! Let's hire a bus
load of analysts, and then conviently *forget* how to
get a P&L statement out to the field. What? With no
P&L's, it is difficult for field management to realize
that results aren't quite up to snuff, effectively
squelching a peasasnt uprising(sales incentives...). I
hereby dub this phenomenon "Travesty by Proxy". Funny
that those darn "has beens" had no problems such as
this. Then there is the Oracle debacle, the planning
debacle, lawsuits, cowboy bandits, rumours of greased pigs
roaming the CSG hallways, but I digress....
think it is evident to most that the feces is already
well en route toward the rotary cooling device.
Hey Camperparty, Ponty called and he's a-waiting for
Yes, There is high turnover but when people are
being held accountable for the first time, they will
quit unless they are competent... Now let's see,
oldtimes are quitting because they are being held
responsible for the things that lost money...sounds like that
is screwed-up to me....what do you think????
(Uh, those of you that are "has beens" need not
comment...your closed minds caused this to begin with).
Campbell is out - Carnes is in - TOLD YOU
Now we have a experienced customs broker in charge of
running a worldwide transp & logisitcs co - nice guy I
hear, but does not know the economics of the business,
(particulalry the US portion) - I guess all of Campbell's Execs
( all under contract) will get a nice paid vacation
also, unless they continue to hang around and stink up
lookout Mr Dan - you are next ( if
the board has a clue)
It isn't really that the "old" team was the best
ever, it just appears that as a rule, MGT is not
getting better. It seems that it is getting worse. It
isn't only MGT, it is the entire staff, sales, ops,
vendors, the rank and file are leaving too. The hot job
market is not good for BAX. Anyone with a little
experience is leaving for more forward thinking
Another point, look at the
execs who have left and are very successful
contributors to their new corporations. Union Transport seems
to be doing very well, Expeditors is performing, and
Dynamex appears to be making better decisions than BAX. I
wouldn't make specific suggestions as to who should come
back, but what is obvious that "lots are leaving." That
is a very bad sign. I don't have access to any
numbers, but it would be interesting to see a break down
of the turnover statistics. It could be a very
revealing point about service, culture, and long term
viability. These are all things that contribute to the
overall value of the company/stock. Until these aspects
improve, bottom feeding is the only investing that will be
made. Unless, you are strictly gambling on the premise
that, "it can't go any lower," this is not a wise
investment. The transporatation group has it's problems(see
this board), but don't ignore the black lung that is
coal. It is your money, gamble if you wish, I would
rather make informed, educated investments. Even as a
current, my money goes elsewhere.
serves(and it may not), the coal division was trading for
less than $2 at one time. BAX was trading around
$4-$5.., I think it is a bad buy even at $10.