TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Buffett and Burlington: Betting on Growth Rolfe Winkler, CFA submits: So I thought I’d do a little number crunching on Buffett’s Burlington Northern Santa Fe (BNI) deal. What does that tell us? That Buffett is paying a full price for a business with mediocre returns on capital. That he’s betting on growth, not value. Valuation (based on share prices of $100 for Burlington, $59 for Union Pacific (UNP), and $48 for Norfolk Southern (NSC)):Complete Story » seekingalpha.com |
K-Sea Transportation: Insiders Buying a 15% Yield; Catalysts Abound Dan Plettner submits:Some time ago, I recognized that the yield provided by Master Limited Partnerships (“MLPs”) may increasingly become tasteful within an environment of limited income alternatives. With an interest of making an MLP portfolio allocation, I started by looking at MLP focused Closed-End Funds: KYN, KYE, TYG, TYY, FMO, MTP, FEN, TYN, SRV (in order by market cap). With the entire Closed-End Fund group trading at premiums, I focused my effort on screening the professional managers’ own MLP selections. Because of the group’s run-up, I was particularly interested to look at recent insider purchases in conjunction with favorable MLP sub-category yields.I certainly did not expect my screen to position me as a buyer of K-Sea Transportation Partners shares. Given my own vague recollection of its a) dividend cut, b) disclosure of debt covenant concerns, and c) choice not to provide analysts with guidance – I was very surprised to see that two K-Sea Directors had shortly thereafter made meaningful personal investments in KSP shares at prices from 11.48 to 11.80.Complete Story » seekingalpha.com |
US Airways, UAL Resume Talks: Downside to Industry Consolidation Zacks.com submits: Yet another round of talks between US Airways (LCC) and UAL Corp.'s (UAUA) United Airlines has been announced, as reported by New York Times.The talks about merger between the two carriers first started in May 2000, but the deal was nixed by regulators and labor unions. Talks commenced again in April 2008. Now the talks have resurfaced again after the successful merger of Delta Airlines (DAL) and Northwest Airlines. CEOs of both the carriers are in favor of the deal and are of the view that the resulting entity will provide competition to Delta.Complete Story » seekingalpha.com |
Impressive Strength in Used Car Market Calafia Beach Pundit submits: Complete Story » seekingalpha.com |
Rail Recovery Continues to Chug Along Cullen Roche submits: Another week, another strong set of rail figures (via the AAR), click on chart to enlarge: The Association of American Railroads (AAR) today reported solid gains in weekly rail traffic, with U.S. railroads posting the highest intermodal volume for 2010 and the highest container count on record. For the week ending Sept. 18, 2010, intermodal traffic on U.S. railroads totaled 240,013 trailers and containers, up 16.9 percent from the same week in 2009, and up 2.4 percent compared with 2008. Container volume last week increased 18.8 percent compared with 2009, and rose 11.4 percent compared with 2008. Trailer volume last week rose 6.5 percent compared with 2009, but dropped 30.8 percent compared with 2008.Complete Story » seekingalpha.com |