Wheels Group Inc GRFJF

RE: WGI Announces Fuel Hedging Program...

[007YoungGun]

Just a couple of comments...

I was just thinking recently that it would be a good idea to hedge against fuel costs because I don't see how much lower prices can go, I'm a fan of this 25% 2 year fuel hedge.

Also, 1.36 average cost of share in buy back...now it is trading at 1.60...approx 17% share price discount - good buys.

Declining interest costs on credit facility as LIBOR rate now easing with central banks all over the world to cutting overnight lending rates, with wgi to see a further cut of 45bps in late 2009. 

Pop in gold price lately, but who knows where the price of gold's gonna be months from now.  I don't think wgi management does either, but they sure are being prudent to sustain forecasted cash flow and profit with conserative hedges.  That leads me to believe executional risks are minimal under this management, especialy with a politically safe mining zone.

Postive sentiments with the report.