M. Wolfe Guidance Quotations

If the company said it was a one-quarter event, then I think the downside would have been limited. But given the guidance we received, which is that growth is likely to slow because the company is so large, that will ratchet down the numbers for fiscal 2001, and that's probably where the damage is going to come from.

Our conclusion is that despite some of the positive remarks from Roadway, actual performance and guidance lead us to believe that it is still too early to own ground transportation names and that we may continue to see additional signs of slowing and operating ratio deterioration before the economy begins to turn,

Clearly, financial guidance would be very useful at this stage since we're really shooting in the dark. If we get nothing more than financial guidance that would all be just a bonus to me.