TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Obama Gives Ultimatums to GM, Chrysler: Rick Wagoner to Resign Greentech Media submits: Rick Wagoner, the General Motors (GM) CEO that came to symbolize everything that was wrong with the ailing auto maker, is being forced out by the Obama administration according to news reports. The White House has issued deadlines for both GM and Chrysler to meet if the companies want to continue to receive loans to stay afloat, according to, among others, Reuters. Chrysler is being given 30 days to cement an alliance with Fiat. If it does, the government could issue $6 billion more in assistance.Complete Story » seekingalpha.com |
GE Unveils Latest Green Locomotive Model Greentech Media submits: By Jeff St. JohnGeneral Electric (GE) has come out with its latest "green" locomotive, part of a broader push it is making in the field of fuel-efficient rail transportation.Complete Story » seekingalpha.com |
Why 'Cash for Clunkers' Is a Bad Idea Investor Nirav submits: In case you haven’t heard, Congress will soon implement a “Cash For Clunkers” program. If you trade in your old car, you’ll get $3,500 towards the lease or purchase of a new one. If you have an old SUV you’ll get $4,500. Seems like a good plan doesn’t it? Yesterday I had a short phone call with Bob Meigan, VP of TurboTax and we discussed the short-comings of this program. First of all, your car has to be a clunker. That is it shouldn’t be worth more than $3,500 since you won’t get anything extra if it is worth more. By law, the dealer will have to scrap the car so even if its worth $5,000 he’s not going to give you a dime more than the $3,500 he’s getting from the goverment.Complete Story » seekingalpha.com |
Paired Trade: Buy Dorman Products, Sell O'Reilly Automotive Alan Brochstein, CFA submits: This is the 9th in a series of ideas where I contrast a cheap security with an expensive one that otherwise shares some characteristics. So far, I am 6 for 8: BUY SELL MPR NLC 13-Mar 7.30 11.99 28-Aug 9.78 17.52 34.0% 46.1% -6.1% JNJ AGN 17-Apr 53.05 49.49 28-Aug 60.29 55.10 13.6% 11.3% 1.2% COLM UA 1-May 30.36 24.00 28-Aug 39.94 24.30 31.6% 1.3% 15.2% BCR ISRG 8-May 73.52 158.77 28-Aug 80.31 224.90 9.2% 41.7% -16.2% EZPW AAN 5-Jun 13.09 32.85 28-Aug 13.46 26.64 2.8% -18.9% 10.9% SCVL PSS 19-Jun 12.04 14.38 28-Aug 16.21 15.84 34.6% 10.2% 12.2% HRL DIN 9-Jul 34.09 31.80 28-Aug 36.89 21.91 8.2% -31.1% 19.7% AKAM NTAP 14-Aug 18.01 23.59 28-Aug 18.11 23.32 0.6% -1.1% 0.8% Average: 4.7% For reference:Complete Story » seekingalpha.com |
PACCAR Inc. Q3 2009 Earnings Call Transcript PACCAR Inc. (PCAR)Q3 2009 Earnings CallOctober 27, 2009; 12:00 pm ETComplete Story » seekingalpha.com |