Three Reasons to Invest in Spartan
Spartan's (SPAR) Q3 profit is below the Street's predictions. But it is not the end of the world as any company's intrinsic value is not based solely on one single year. In fact, from my system, with the most conservative assumptions, it is obviously undervalued. Three reasons to invest SPARComplete Story » seekingalpha.com |
How to Play Apple, Toyota and U.S. Steel News
Mark Riddix submits: Apple (AAPL) unveiled its new tablet PC named the iPad Wednesday. iPad pricing will range from $499 to $829 depending on options such as memory and 3G coverage. According to CNBC’s tech reporter Jim Goldman, the iPad looks like a giant iPhone. Is the device needed in a market with laptops, netbooks, and smartphones? Probably not but my guess is Apple will still sell millions of them. US Steel (X) is taking it on the chin again today dropping 8% to $45 per share. Shares have been downgraded by several firms and Fitch cut its debt ratings below investment grade. While I have no position in the stock, shares are beginning to look attractive. The stock is a decent long turn turnaround play.Complete Story » seekingalpha.com |
British Airways Strike Begins
British Airways canceled 1,100 flights on Saturday as some cabin crews started a three-day strike in protest over working conditions and pay. nytimes.com |
The BDI May Have Collapsed but Check Out the Shipping Rebound
The Business Insider submits: The recent plunge of the Baltic Dry Index has by now been relatively well documented. Thing is, the Baltic Dry measures shipping rates for just one facet of the economy -- primarily dry bulk commodities demand from developing nations (mostly China) against global dry bulk ship supply. What many have missed, however, has been the surging rates for container shipping, which primarily measure demand for products from developed nations (mostly the U.S. and Europe) against global container ship supply.Complete Story » seekingalpha.com |
Fire Cripples Long Island Rail Road
After a near-total shutdown of the Long Island Rail Road, caused when century-old equipment caught fire, some service was restored by evening. nytimes.com |