TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Disputing Auto Nation Downgrade by Thomas Weisel Todd Sullivan submits: Let's delve into the recent downgrade of AutoNation (AN) by Thomas Weisel.Here is their thesis:1. Geographic footprint may limit early cycle recovery.2. Detroit restructuring could bring near-term disruption.3. Sizable premium valuation appears unwarranted,Complete Story » seekingalpha.com |
Why Investors Should Sell FedEx By all (balance sheet) accounts, FedEx (FDX) is a healthy company. Its assets more than cover liabilities, even when goodwill and intangibles are excluded. It has more than enough cash ($2.7B as of Feb/28 2009) to pay off its debt ($1.9B as of the same period). Even its expenses are well-contained, and is approximately proportional to its change in revenue.Therein lies my problem with FedEx, and hence the focus of this research to illustrate a taking a bearish/sell position on the company. It is the historical cash flow that was poor and will only get worse due to persistent weakness in the world economy, unless significant steps are taken to improve it. At this time, investors should not be paying such a hefty premium for deteriorating cash flow. My analysis for future FCF for FDX is not optimistic.Complete Story » seekingalpha.com |
Bombardier Regional Jet Orders at Risk - Versant Partners FP Trading Desk submits: Bombardier Inc. (BDRAF.PK) is monitoring the situation with the embattled Italian low-cost carrier, MyAir, one of its key customers, after the airline had its license revoked by Italy’s aviation authority Wednesday.MyAir currently accounts for 15 of the 64 firm orders Bombardier has for its new CRJ1000 regional jet. But those orders may now be at risk after Italian authorities pulled the carrier’s license this week saying its precarious financial situation put the reliability of its service at risk.Complete Story » seekingalpha.com |
Ford: Popular Fiesta Hatchback Coming to the U.S. TheCarConnection.com submits: Ford (F) has finally confirmed that its European-styled Fiesta hatchback is set to make its U.S. debut at the 2009 Los Angeles Auto Show in December. Since Ford started promoting the car through its Fiesta Movement back in March, more than 50,000 people have expressed interest--97% of whom currently do not drive a Ford.U.S.-spec cars are expected to feature a 1.6-liter four-cylinder gasoline engine with twin independent variable valve timing. This should ensure enough pep for the American palate, while likely planting the Fiesta among the most efficient non-hybrids on offer.Complete Story » seekingalpha.com |
UPS and Fedex Will Need 64,000 Additional Holiday Workers The Good News Economist submits: On Monday UPS announced that its projections show it will handle more parcel deliveries this holiday season than it did last year. UPS it will deliver about 400 million packages worldwide between Thanksgiving and Christmas. Furthermore, UPS announced that it will hire 50,000 temporary workers to handle the greater volume.Last week FedEx (FDX) also reported that it anticipates shipping more this year. FedEx said it will hire 14,000 additional part-time and temporary holiday workers.Complete Story » seekingalpha.com |