TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Textron Subject of Takeover Speculation Tyler Durden submits: Everyone's favorite Cessna maker which recently was plumbing all time stock price lows after it was made clear that no corporate CEO will ever be allowed to buy a private jet ever again, was up a whopping 10% yesterday on takeover speculation, to $8.00.This is likely not much of a consolation to longs, as Textron (TXT) was trading north of $60 a year ago. Bloomberg quotes reputable sources such as Michael Nasto, senior trader at U.S. Global Investors who wrote in an e-mail "We are hearing the stock is up on takeover rumors." Ah, the good old days back in 2006/07 of rumor mongering in acquisitions... Been a while since we have seen that. Jon Najarian feeds to the rumor stating Lockheed Martin (LMT) may make a bid.Complete Story » seekingalpha.com |
Sirius Option Strategy: Not the End of the World If GM Goes Bust Marco Hickey submits:As recently posted on my blog, I believe that Sirius (SIRI) is due for a slight rally. I was lucky enough to pick up some Sirius on Thursday for 30 cents a share, and write covered calls for the December $1 strike for 10 cents a share Friday. This brings my cost down to 20 cents a share.In my opinion, the major reason Sirius has sold off recently is not due to the last earnings report, but because of all of the negative news lately about the auto industry, particularly General Motors (GM) and the likelihood of a bankruptcy June 1. If we look at their charts since May 1 (day Chrysler filed chapter 11), we can see that SIRI may be a bit oversold on the news.Complete Story » seekingalpha.com |
Rumor: GM Pressuring Dealers to Oppose Legislation TheCarConnection.com submits: By Richard Read Last week we mentioned that Congress is considering legislation that would turn back the clock on the Chrysler and General Motors bankruptcies -- at least as far as dealers are concerned. Now comes word that GM is putting pressure on its remaining dealers to oppose that legislation, and some elected officials and dealer groups aren't happy.Complete Story » seekingalpha.com |
Auto Lease Datapoint of the Day Felix Salmon submits: From the WSJ: Last month, Bill Wamsley, a commercial real estate broker in Mill Valley, Calif., hoped to replace his wife’s Lexus sedan with a 2009 Cadillac CTS.Complete Story » seekingalpha.com |
Berkshire + Burlington = Hypocrisy, Expediency and Full Dose of Ego? I've gotten tons of calls and emails since the Berkshire (BRK.A)/Burlington (BNI) deal was announced. I'm flattered that so many people care about my thoughts (or are just kind enough to humor me). Having followed Buffett since before he was widely known and cool, I know what a Buffett acquisition looks like. Burlington is out of character.Whether it's motivation, price, method of payment, etc, Burlington is unlike any Berkshire deal I am aware of. While most people focus on the massive size of the deal, it is the least surprising aspect of the transaction. After all, Warren Buffett has often talked about hunting for elephants.Complete Story » seekingalpha.com |