| Intrinsic Value and Warren Buffett's BNSF Purchase Jae Jun submits: I’ve been hearing a lot about Buffett’s recent purchase of Burlington Northern Santa Fe (BNI). Whether the choice of a partial stock deal means that Buffett considers Berkshire (BRK.A) shares to be overvalued, or whether Buffett is going “all in” in American stocks and commodities, or is he just making a last hurrah of asset allocation before retiring? Maybe he is simply bearish on the entire economy.Complete Story » seekingalpha.com |
CSX Corporation Q4 2009 Earnings Call Transcript CSX Corporation (CSX)Q4 2009 Earnings CallJanuary 20, 2010 8:30 am ETComplete Story » seekingalpha.com |
Lockheed Topples Estimate Zacks.com submits: Before markets opened today, Lockheed Martin Corporation (LMT) reported strong first quarter fiscal 2010 results and revised its fiscal outlook (see conference call transcript here). In the reported quarter with an EPS of $1.45, the company topped the Zacks Consensus Estimate of $1.35. However, this was lower than the year-ago quarterly earnings of $1.68. In the reported quarter earnings were affected by the elimination of the tax deduction for Medicare benefit costs reimbursed. This charge decreased net earnings by $96 million, or 25 cents per share.Lockheed Martin also fuelled its EPS growth through lower outstanding shares which decreased to 377.7 million from 397.5 million in the year-ago quarter. A pension accounting adjustment also negated $110 million in the quarter, $4 million less than the year-ago quarter.Complete Story » seekingalpha.com |
Why I'm Not Buying Air T (Right Now) Tim Welland submits: The story on Air T (AIRT) is pretty simple. The company operates in three segments. The first provides overnight small package delivery services to FedEx (FDX). This accounts for approximately 48% of the company's total revenue (all from FedEx). The second manufactures deicing and other types of aircraft ground service equipment. This segment accounts for 41% of the company's total revenue, of which half is attributable to a contract with the US Air Force. Finally, the company operates a fast-growing segment providing ground support services to airlines. This segment grew by 19% in the past year and accounts for 11% of the company's revenues. A contract with Delta/Northwest (DAL) accounts for two-thirds of this revenue. By any classic measure, this stock looks very cheap: P/E: 7.2 P/B: 1.1 P/S: 0.3(!) P/FCF: 4.9Complete Story » seekingalpha.com |
Landstar System, Inc. CEO Discusses Q3 2010 Results - Earnings Call Transcript Landstar System, Inc. (LSTR)Q3 2010 Earnings Call TranscriptOctober 14, 2010 2:00 pm ETComplete Story » seekingalpha.com |