TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Automakers: Investment Risk Zacks.com submits: Today's news about the automakers shows the inherent risk of investing.First, there is the demise and restructuring of Chrysler. Chrysler will file for Chapter 11 bankruptcy protection. As a result, Cerberus Capital Management will take a substantial loss. Some hedge funds, unwilling to admit the magnitude of their mistakes, will also incur losses.Complete Story » seekingalpha.com |
What's the Opposite of Eureka? Gregor Macdonald submits: When Dave O’Reilly of Chevron (CVX) recently debated Carl Pope of the Sierra Club at The Commonwealth Club of San Francisco, I was assuming some attention would be paid to the real, actual problems that confront the state of California. What I had not expected was a broader, and slightly nostalgic resurrection of the Oil vs. the Environment debate that frankly hearkens back to a time 40 years ago.I characterize that more antiquated, historic framing as having taken place in an era of energy plenty. An era when the world’s oil companies oversaw a greater portion of conventional oil reserves, and were much more of a lever for policy and policy changes. Now, however, the world’s free-market oil companies are both marginalized and are generally in liquidation–which is to say they are barely capable or simply unable to replace their reserves. Big Oil is dying. And if big oil is dying, then I wonder that this particular debate would have more aptly pitted the Sierra Club against the Coal industry. Power generation, not liquid fuel use, was really much more central to the discussion.Complete Story » seekingalpha.com |
CP Railway, After Strong Q2, Keeps Chugging Along FP Trading Desk submits: Shares in Canadian Pacific Railway Ltd. (CP) continued to climb Tuesday in early morning trading after its better-than-expected second quarter result last week.The country’s second largest railway reported earnings of C59¢ a share, down about 36%, from last year, but well ahead of the Street’s expectation of C37¢ a share. Those improvements were made on the back of strong cost controls and better-than-expected sales from the bulk segments, in particular grain.Complete Story » seekingalpha.com |
Three Reasons to Invest in Spartan Spartan's (SPAR) Q3 profit is below the Street's predictions. But it is not the end of the world as any company's intrinsic value is not based solely on one single year. In fact, from my system, with the most conservative assumptions, it is obviously undervalued. Three reasons to invest SPARComplete Story » seekingalpha.com |
Jim Chanos Bets Against China Market Folly submits:Jim Chanos, the noted short-seller and manager of hedge fund Kynikos Associates was recently interviewed and provided some insight as to what he is shorting. We see that he has taken aim at automakers as he is short the manufacturers and said he would not want to be long Ford (F) or Fiat (FIATY.PK). While it seems he is talking about the equity here, we found this interesting as many hedge funds have been long the debt side of the automotive industry as bonds in GMAC, Ford Motor Credit Corp, and Ford had previously been scooped up by prominent hedge funds.Interestingly enough, Chanos is also betting against China and is doing so by betting against copper, iron ore, and various other commodities used in China's expansion. Take note though, that he does not include gold in this list of commodities to short since people typically don't create buildings out of gold. He says that he is just now putting on these shorts and he may be early but he sees many opportunities there.Complete Story » seekingalpha.com |