Why GM Is Repaying Bailout Money
Edward Harrison submits:There are a lot of threads to tie together in today’s reporting of news in the auto sector. General Motors has reported a third-quarter loss of $1.15 billion. But all indications are that car sales continue to outpace expectations in the United States. Meanwhile, there are conflicting stories that GM both plans to pay back its bailout money, and to use it to help its ailing European operations. I will try to tie all these stories into a common thread.Complete Story » seekingalpha.com |
Earnings Preview: Lockheed Martin Corp.
theflyonthewall.com submits: Lockheed Martin Corp. (LMT) is expected to report Q4 earnings on Thursday, January 28 before the market open with a conference call scheduled for 3:00 pm ET. GuidanceAnalysts are looking for EPS of $1.99 on revenue of $12.47B. The consensus range is $1.84-$2.09 for EPS, and $12.15B-$12.65B for revenue, according to First Call. On October 20, the company raised its FY09 EPS guidance to $7.40-$7.60 from prior $7.15-$7.35. It also expects its FY11 and FY12 revenue to grow roughly 5% due to the expansion of the F-35 Joint Strike Fighter program. It is clear that Lockheed executives believe the company will grow top and bottom line results over the next several years specifically because of this program. A recent report from Reuters claiming that the government plans to cut production of the plan by 122 planes through FY15 did little to discourage that positive sentiment. Concerns about cost overruns and delays have only added to investor anxiety. While short term results will not be affected by the F-35 program, it’s clear that the 2-5 year growth estimates of the company rest squarely with its success or failure. Complete Story » seekingalpha.com |
US Airways Group Inc. Q1 2010 Earnings Call Transcript
US Airways Group Inc. (LCC)Q1 2010 Earnings CallApril 27, 2010 12:00 pm ETComplete Story » seekingalpha.com |
Rail Traffic: Warren Buffett's Favorite Economic Indicator
Mark J. Perry submits: In this CNBC interview, Warren Buffett was asked to identify the single most important economic statistic he would choose if he was stranded on a desert island for a month and could only get one set of economic numbers. Buffett reported that his favorite “desert island indicator” would be freight car loadings. The likely reason that Buffett is so fond of rail traffic as his “desert island indicator” is that it measures the amount of raw materials, inputs, and supplies moving around the country every week, and this should accurately predict the future direction of the overall economy. After all, the inputs transported by rail eventually get processed into inventory, final output, and goods for sale. Complete Story » seekingalpha.com |
Ambassadors Group, Inc. CEO Discusses Q3 2010 Results - Earnings Call Transcript
Ambassadors Group, Inc. (EPAX) Q3 2010 Earnings Call October 21, 2010 11:30 am ETComplete Story » seekingalpha.com |