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November 18, 2004 Stock Pick: World Airways, Inc. (WLDA)

Stock Price: $5.89

World Airways is a U.S.-certificated air carrier providing customized transportation services for major international cargo and passenger carriers, the United States military, and international leisure tour operators.

On November 4th, the company announced its seventh consecutive profitable quarter. Revenues were $129.2 million up 15% while net income was $7.1 million. With these kind of results World Airways will continue to improve its balance sheet.

WLDA is in a major long-term uptrend and should continue to trend higher every quarter. Major contract news could cause a major short squeeze to start occurring.

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