Home > Historical Performance > Historical Transaction Report

Transaction Details

Company: Air Transport Services Group
Yahoo Beta:0.94
Industry:Air delivery & freight services

Company Description:  ABX Holdings, Inc. provides business-to-business air freight services. Ninety percent of company revenues come from DHL. However, ABX is expanding into higher margin charter business.

Purchase Date:20 Feb 2008 Sale Date:27 Aug 2008
Purchase Price:$3.39 Sale Price:$0.95
  --Split Adjusted:$3.39  --Split Adjusted:$0.95
Shares Purchased:1135 Shares Sold:1135
  --Split Adjusted:1135  --Split Adjusted:1135
Transaction Fee:$167.71 Transaction Fee:$12.96
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$6.94 High$0.00
Date20 Aug 2007 Date01 Jan 1996
Low$3.29 Low$0.00
Date12 Feb 2008 Date01 Jan 1996
S&P (Purchase Date):$1,357.30 S&P (Sale Date):$1,275.60

Timing:  We bought near the six month low.
Reason:  The company has been having issues with DHL, which represents about 90% of ABX's revenues. We believe that even if the DHL contract is canceled, the company will be profitable and that the market has overreacted.

Reason:  ATSG has lost its contract with DHL. Thus far, the company has not realized the gains we anticipated from "putting" excess aircraft to DHL.

S&P Gain: -6.02 % Annualized Gain: -11.36%
Stock Gain: -71.97 % Annualized Gain: -91.54%

Net Holding Return ($): $-2,949.73
Net Holding Return (%): -73.46 %