Investopedia: Atlas Air Offering A China Recovery Play

Commentators talk about "the transports" as though they were an undifferentiated block of companies that all move together. Really, nothing could be further from the truth. While railroads, trucking, shipping and air cargo all involve moving things from A to B, the details differ in crucial ways.

Said another way, there's precious little correlation between companies like Old Dominion (Nasdaq:ODFL), Union Pacific (NYSE:UNP) and Atlas Air (Nasdaq:AAWW), and shares of the latter have languished on a host of worries including the state of the Chinese economy. With better-than-expected results in the first quarter though, and an apparent undervaluation, it may be worth taking a closer look at these shares as a second half rebound story.

Read more here:
http://stocks.investopedia.com/stock-analysis/2012/Atlas-Air-Offering-A-China-Recovery-Play-AAWW-FDX-UPS-BA0507.aspx