TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Why I Sold Freightcar America Alex Bossert submits:I recently sold Freightcar America (RAIL) for $35.51 per share. FCA was a mistake that I held onto because I felt that it became really cheap over the past year. One thing that I noticed in the most recent annual report is that FCA’s market share declined from 81% a few years ago to 70% last year. A few other rail car manufacturers are starting to get into the market. One big risk is when the coal railcar industry does well, it's easy for the major players to enter the market and take market share away from FCA.One of my reasons for investing was that FCA benefited from the growing shipments of coal in the United States and shipments internationally. We have more energy units in coal reserves than Saudi Arabia has in oil. Coal is also the cheapest source of power. Even with the harmful environmental consequences of current coal fired power plants, many countries have already developed clean coal technology. However, FCA is not a good way to play the future prospects of coal. The best way would be to buy the major rail operators such as Union Pacific (UNP) or Burlington Northern (BNI) (now being acquired by Berkshire Hathaway (BRK.A)). Railroads are 4 times as efficient as trucks and it's nearly impossible to lay down more tracks. So there is no threat of competition. Railroads are a royalty on consumption and energy use. Railroads are a much better way to play coal then FCA.Complete Story » seekingalpha.com |
Continental Airlines Inc. Q4 2009 Earnings Call Transcript Continental Airlines Inc. (CAL)Q4 2009 Earnings CallJanuary 21, 2010 10:30 am ETComplete Story » seekingalpha.com |
AutoNation, Inc. Q1 2010 Earnings Call Transcript AutoNation, Inc. (AN) Q1 2010 Earnings CallApril 22, 2010 11:00 AM ESTComplete Story » seekingalpha.com |
The Tesla IPO: Silicon Valley Powers the Electric Car Movement Silicon Valley has emerged as the hub for the nascent electric vehicle movement. Tesla Motors (TSLA), glowing in the spotlight of the first initial public offering of a U.S. automaker in over 50 years, is the star at the moment. The Palo Alto-based maker of the sporty, $109,000 Roadster has the strong supporting case that it sorely needs to make this IPO venture a success.Two Silicon Valley companies, Coulomb Technologies and Better Place, are building electric vehicle charging stations across the country and around the world. With the growing pipeline of plug-in cars, including the expected launch of the Nissan (NSANY.PK) LEAF and Chevy Volt by the end of the year, a recent ABI Research report says that the existing 20,000 recharging stations will skyrocket to three million in five years. Almost 2,000 people in the Bay Area have paid $99 to reserve the LEAF, more than any other region in the U.S.Complete Story » seekingalpha.com |
Earnings Preview: Delta Air Lines theflyonthewall.com submits: Delta Air Lines (DAL) is expected to report Q3 earnings on Wednesday, October 20 before the market open with a conference call scheduled for 10:00 am ET. GuidanceAnalysts are looking for EPS of 94c on revenue of $8.82B. The consensus range is 87c-$1.01 for EPS, and $8.77B-$8.88B for revenue, according to First Call. On its Q2 earnings report, Delta beat EPS, but narrowly missed revenue estimates. Investors will be looking for the company to beat on both the top and bottom line this quarter. Recent sentiment has been mixed as traffic has been gradually increasing during the quarter. July traffic was up 0.5%, while August and September traffic showed increases of 1.1% and 6.5% respectively. A positive article in the LA Times from August noted that the U.S. airline industry was showing signs of recovery. Complete Story » seekingalpha.com |