TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Anticipating FY10 Defense Budget Scott Sacknoff (SPADE Investor) submits: Although the industry got a teaser of what’s to come when Defense Secretary Gates announced the top line budget figure as well as some decisions regarding the fate of the largest programs and initiatives, the key event that will guide the sector’s performance over the next several months is the release of the line item details and program specifics found in the FY10 budget -- anticipated to provide specifics not just for the forthcoming year but the next several. These details are now expected, according to White House sources, sometime in May.Overall, analysts have stated that there were no big downside surprises in the proposal and the shift in priorities had little impact on most firms. As we said last month, we needed to see whether additions in some programs would offset declines in others. Lockheed Martin (LMT) for example was seen as one of the big winners and big losers with the F-22 production begin shut down while the F-35 was expanded.Complete Story » seekingalpha.com |
AutoNation: 'Cash for Clunkers' Will Benefit Company Todd Sullivan submits: I think 10% may be a bit conservative. From the empirical evidence department, I know several folks who are eagerly looking into the "cash for clunkers" program's details to get a new car. These are folks who have been putting off buying a new car for the past year and a half not wanting a new car payment. But, the advertised incentives, coupled with the age of their current vehicles, has them taking a very close look at this. From Bloomberg:Complete Story » seekingalpha.com |
Excel Maritime Diluting Shareholders Trader Mark submits:We will all look fondly back at the period of this March and April when companies were rewarded handsomely for diluting their shareholders by 20, 40, 50%+ - I will remember seeing my REIT shorts destroyed as REITs diluted shareholders in excess of >50% and yet the stock went up. But that fairy tale era seems to be over. Being serially diluted is fun when you fear for the life of your company but not so fun in normal times. It appears we are heading back to normal.Excel Maritime Carriers (EXM) announced a dilution today of about 13%, 6M shares. Compared to peer DryShips (DRYS) who has diluted shareholders around 84 times in the past year (I exaggerate), it's a small dilution [May 8, 2009: DryShips Joins the Dilution Parade]. What I love about these companies is they don't announce it at the same time as earnings - EXM announced earnings just yesterday and then waited another day to drop this on shareholders. That's a bit uncouth, but I've seen many a company do this in the past few months. [Emphasis mine.]Complete Story » seekingalpha.com |
Hexcel Corporation Q3 2009 Earnings Call Transcript Hexcel Corporation (HXL)Q3 2009 Earnings CallOctober 27, 2009 10:00 am ETComplete Story » seekingalpha.com |
Ford Shares Hit Four Year High Zacks.com submits: Shares of Ford Motor (F) exceeded $10 for the first time in more than four years on Dec 23 as the automaker continues to benefit from market share gains and other successes. The shares rose 18 cents to $10.08 on Dec 23 compared to Dec 22. This is a recovery from a historic low of $1.50 in March this year, helped by the company’s aggressive restructuring plan, which also helped it bypass bankruptcy unlike its cross town rivals General Motors and Chrysler Group. Complete Story » seekingalpha.com |