| Lockheed Martin Passes Important Missile Test Ockham Research submits: On Thursday, the media got word from the U.S. Air Force of successful testing of Lockheed Martin’s (LMT) new and improved long range missiles. The successful testing, in which 15 out of 16 missiles got the desired result, should clear the way for up to $4.4 billion in contracts through 2023 after a Pentagon review of the program in December. Back in June, an Air Force spokesman said that the program faced possible termination if these tests were unsatisfactory. The previous three tests were far less successful with just six out of ten missiles detonating on impact or hitting the desired target. Improvements to manufacturing processes and quality of inputs were likely the key to the new found success. “Lockheed has contracts so far to build 1,053 Joint Air-to- Surface-Standoff Missiles and has received about $600 million. The company would receive about $4.4 billion more from building the remaining 3,847 the service plans to buy.Complete Story » seekingalpha.com |
Shipping Stocks and the Final Nail in the Coffin for Deflationists Thomas MacLeod submits:Evidence suggests that the bullish breakout by shipping stocks is far from being just another lesson in random noise. We approach the investment case for shipping stocks from a number of perspectives, namely the behavior of: Shipping (the Lloyds List 50) and shipbuilding stock prices (Bloomberg World Shipbuilding Index)absolutely and relative to the MSCI World Index,Freight rates (Baltic freight rates in particular the Handysize Index),Timecharter rates (ConTex),Spot Metals (CRB), Iron Ore and Coal rates.Bunkers prices (as in the black grunge they burn),Fundamental valuations (P/book etc.),The degree to which the industry remains out of favor with analysts (they are even more lowly rated than US Regional Banks).From the graphs below it would appear that momentum has turned positive across the board particularly over the last couple of months. Once a primary trend is in place it tends to last for months, if not years. Given bullish confirmation of indices below, it would appear that a primary bullish trend in shipping stocks has begun. Does this suggest that global growth is picking up? Given that what happens on the high seas is a leading indicator for world trade, we think so.Complete Story » seekingalpha.com |
Eaton Corporation Q1 2010 Earnings Call Transcript Eaton Corporation (ETN)Q1 2010 Earnings CallApril 20, 2010 10:00 am ETComplete Story » seekingalpha.com |
What Investors Need to Know About the Tesla IPO Green Chip Review submits:Parked under the shade of a solid Red Oak in a Whole Foods parking lot, a radiant red Tesla Roadster caught my eye. Completely electric and boasting a solid range of 245 miles, I'm a huge fan and have contemplated getting one for myself in the very near future. But after getting a peek at the company's Model S sedan, I'm thinking about holding off until they start delivering this beauty — with a 300-mile range — in 2012. This is the vehicle that Tesla announced it will now be manufacturing in California, thanks to a $465 million loan from the Department of Energy.Complete Story » seekingalpha.com |
CSX CEO Discusses Q3 2010 Results - Earnings Call Transcript CSX Corp. (CSX)Q3 2010 Earnings CallOctober 13, 2010 8:30 am ETComplete Story » seekingalpha.com |