TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Greenbrier Companies, Inc. F4Q09 (Qtr End 10/25/09) Earnings Call Transcript The Greenbrier Companies, Inc. (GBX)F4Q09 Earnings CallNovember 12, 2009 11:00 am ETComplete Story » seekingalpha.com |
Vehicle Electrification: An Emotionally Charged Topic John Petersen submits:Writing an investment blog on hype-riddled sectors like vehicle electrification and energy storage is tough because the topic is emotionally charged and expectations are often based on political promises, issue advocacy, press releases and mainstream media stories that never tell the complete truth. As a result I spend a huge amount of time debunking popular mythology that's 180 degrees out of sync with business realities and responding to commenters who refuse to believe cars with plugs will be:Five to six times less efficient than HEVs when it comes to reducing national gasoline consumption;Nine to twelve times less efficient than HEVs when it comes to reducing national CO2 emissions;Subject to short-term supply constraints because of their reliance on scarce raw materials;Experimental concepts that require years of testing before they're ready for prime time;Beyond the price range of all but the most affluent consumers; andWholly unacceptable to consumers that expect a three to five year payback on the cost premium.The risk and the opportunity for investors is that distorted perceptions of commercialization timelines have led to unreasonably high expectations for lithium-ion battery developers that may experience huge revenue growth in the second half of the decade and unreasonably low expectations for lead-acid battery manufacturers that are certain to experience huge revenue growth over the next five years. As the revenue impact of current automotive production decisions becomes more clear and the wide gulf between expectations and reality narrows, I believe that the equities of objectively cheap lead-acid battery manufacturers will surge while the equities of objectively expensive lithium-ion battery developers underperform.Complete Story » seekingalpha.com |
Rail Traffic Recovery Continues The Pragmatic Capitalist submits: The AAR is reporting a continuing surge in rail traffic as signs of recovery become more and more apparent. U.S. railroads originated 296,599 carloads for the week ending April 17th. This was 16.1% higher year over year and down 11.6% from 2008. This was the highest level since December of 2008. Intermodal traffic totaled 209,903, up 14.6% year over year and down 6.3% versus 2008.Complete Story » seekingalpha.com |
Notes on the AgBank IPO, Car Ownership and Real Estate in China Patrick Chovanec submits:Yesterday, I was interviewed on CCTV News about Agricultural Bank of China (AgBank)’s upcoming share offering, which is shaping up to set a new record as the world’s largest IPO. You can watch the clip here. I also wrote a column on the subject about a week ago for Motley Fool, which you can check out here. Last week, I visited Jilin province (in China’s northeastern Rust Belt) with a delegation from the American Chamber of Commerce in China (Amcham-China). I promised I would share some of my impressions.Complete Story » seekingalpha.com |
Earnings Preview: United Continental Holdings theflyonthewall.com submits: United Continental Holdings (UAL) is expected to report Q3 earnings Thursday, October 21 before the market open, with a conference call scheduled for 9:30 am ET. GuidanceAnalysts are looking for EPS of $2.16 on revenue of $5.91B. The consensus range is very wide at $1.92-$2.30 for EPS, and $5.40B-$9.40B for revenue, according to First Call. United recently merged with Continental and this will be the first earnings report for the combined firm. Both companies reported positive traffic results in September with United up 7.6%, and Continental showing a 3.1% rise. Complete Story » seekingalpha.com |