StockIceMan's Weekly Stock Pick
Week of
November 22, 2004
| Stock: |
World Airways, Inc.. |
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| Ticker Symbol: |
WLDA - Nasdaq - Air Transportation |
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| Buy: |
5.50 to 5.75 |
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| Sell: |
11.00 + |
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Info: |
World Airways, Inc.
provides long-range passenger and cargo charter
and wet lease air transportation, serving the
United States Government, international
passenger and cargo air carriers, tour
operators, international freight forwarders and
cruise ship companies. During the year ended
December 31, 2003, the Company operated 11 MD-11
and seven DC-10-30 aircraft. The United States
Air Force accounted for 74.7% of total revenues
in 2003. Other customers include Menlo
Worldwide, accounted for 5.8% and Sonair Service
Aereo, accounted for 5.8% in 2003 of total
revenues. Naluri Berhad, a Malaysian aviation
company, owned 10.7% of the outstanding Common
Stock of World Airways in 2003. |
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| Financial Info: |
For the six months ended
6/30/04, revenues rose 2% to $244.6 million. Net
income fell 20% to $10.4 million. |
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| Key Ratios: |
Current
Ratio: 1.32, Total Debt/Equity: 8.90, Trailing
P/E: 7.05x, Forward P/E: 6.01x, Price/Book:
12.12, Price/Sales: 0.16. |
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| Share Info: |
There are 12.96
million shares outstanding with 2.20
million shares in the trading
float. Institutions own
approximately 12.12% of the shares outstanding.
There have been no insider purchases and 14
insider sales totaling 1.31 million shares in the last six months.
Real-Time SEC
Filings
As of 10/8/2004, there were 1.06 million shares short.
Net Institutional Sold: 261,000 shares: prior to latest
quarter. |
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| Articles: |
World Airways Announces
Seventh Consecutive Profitable Quarter |
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