TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Focus on Electric Cars as Oil Prices Rise Sutida submits:With the rapid increase in oil prices that has occurred since signs of recovery have been reported in the market the electric car is about to be back in focus with many investors, the major automakers are gearing up to produce electric cars by 2010.Nissan (NSANY) says it could beat General Motors' (GM) highly publicized Chevrolet Volt to market, selling an electric car as soon as fall 2010 with an eye-popping fuel-economy rating equivalent to 367 miles per gallon and a range of 100 miles on a charge. The electric car does not use petroleum fuel directly. The mpg equivalent is calculated using a federal formula that takes into account the fuel an electric utility would use to charge the car.Complete Story » seekingalpha.com |
Carmax Could Disappoint Ahead of Earnings Zachary Scheidt submits: CarMax, Inc. (KMX) will announce earnings next week as its fiscal first quarter ended on May 31. Despite sagging sales the last three quarters, investors appear optimistic that this report will be a bit stronger. The stock is currently trading near $13 after hitting a low of $5.76 on November 21. Unfortunately, while KMX has been a great success story for 2009, the current stock price appears vulnerable to a sharp decline if the news is anything but spectacular. Analysts are expecting the current year (fiscal 2010 ending February 28) to generate earnings of 23 cents per share leaving the stock with a current PE of 57. Now to be fair, I should also point out that 2011 is expected to generate earnings of $0.49 so the multiple on earnings 2 years out is only 26.5. However, that is still fairly high for such a speculative growth story. Much of the recent strength has been due to increasing expectations of used car sales, and positive financing data. The logical argument is that as the consumer deals with lower employment and reduced balance sheets, he or she will more likely buy a used car instead of springing for that shiny new set of wheels. And the high profile bankruptcies of the US car manufacturers has certainly not hurt the trend towards buying used cars.Complete Story » seekingalpha.com |
Paragon Shipping Income Statement Analysis for June 2009 Quarter Neil Carvin submits: Paragon Shipping, Inc., (NASDAQ: PRGN) earned $0.48 per share in the three months that ended on 30 June 2009, down from $0.91 in the second quarter of last year. The company trumpets that net income adjusted to exclude various non-cash items increased from $0.49 to $0.51 per share. Headquartered in Greece and operating since December 2006, Paragon owns and charters ships that carry dry bulk cargoes. Chairman and CEO Michael Bodouroglou also controls the company, Allseas Marine S.A., that Paragon pays to manage its fleet. Complete Story » seekingalpha.com |
Boeing Downgraded on 787 Delays Zacks.com submits: Moody’s Investor Services (MCO) has downgraded Boeing Co.’s (BA) rating outlook to "negative" from "stable". The major reason for the downgrade was the delay in the airplane maker's new 787 series, besides other setbacks that had hurt its financial flexibility. Pitted against Airbus’s A319 aircraft, Boeing’s 787 series is plagued by delays. The inaugural test flight at the end of fiscal 2009 is more than two years behind the original delivery schedule. The company has already deferred the inaugural delivery of the 787 series aircraft five times.Complete Story » seekingalpha.com |
Ford: The Good News Keeps on Coming Michael Terry submits:On the tape this AM (via Bloomerg):Ford Motor Co.’s (F) finance unit boosted the size of its planned sale of bonds backed by payments from auto dealers to $1.25 billion, according to a person familiar with the offering.Complete Story » seekingalpha.com |