Expect the money from oil and metals to find a place in new sectors. There are enough hints of where the money is flowing. Watch relative strength and you should find where the next set of opportunities are setting up.
I am eyeing a position in ABXA for my long term account. Having worked in the air express industry I have a fairly good understanding of these kind of businesses.The essential nature of such businesses is high leverage, most of the cost are sunken cost and a slight improvement in revenue can have magnified effect on profit. Buying some of these companies when the chips are down can be a good long term trade.
ABX Air, Inc. (ABXA) operates a fleet of 112 aircraft, providing air cargo transportation. ABX complements its air transport capabilities with package handling, warehousing and line-haul logistic services. The Company operates primarily in the United States but has the authority to fly worldwide. ABX also offer aircraft, crew, maintenance and insurance (ACMI) and on-demand charter services to freight forwarders and other major shippers. The Company sells aircraft parts, provide maintenance and repair services for airframes and aircraft components and conduct flight-training services for customers. Additionally, ABX operates a sorting facility for the United States Postal Service and has provided cargo transportation and sorting services. DHL Express (USA), Inc. (DHL) is the biggest customer of ABX, constituting approximately 98% of total revenues in 2005.