TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Goodrich Corporation. Q1 2009 Earnings Call Transcript Goodrich Corporation. (GR)Q1 2009 Earnings CallApril 23, 2009 10:00 am ETComplete Story » seekingalpha.com |
Carmax Could Disappoint Ahead of Earnings Zachary Scheidt submits: CarMax, Inc. (KMX) will announce earnings next week as its fiscal first quarter ended on May 31. Despite sagging sales the last three quarters, investors appear optimistic that this report will be a bit stronger. The stock is currently trading near $13 after hitting a low of $5.76 on November 21. Unfortunately, while KMX has been a great success story for 2009, the current stock price appears vulnerable to a sharp decline if the news is anything but spectacular. Analysts are expecting the current year (fiscal 2010 ending February 28) to generate earnings of 23 cents per share leaving the stock with a current PE of 57. Now to be fair, I should also point out that 2011 is expected to generate earnings of $0.49 so the multiple on earnings 2 years out is only 26.5. However, that is still fairly high for such a speculative growth story. Much of the recent strength has been due to increasing expectations of used car sales, and positive financing data. The logical argument is that as the consumer deals with lower employment and reduced balance sheets, he or she will more likely buy a used car instead of springing for that shiny new set of wheels. And the high profile bankruptcies of the US car manufacturers has certainly not hurt the trend towards buying used cars.Complete Story » seekingalpha.com |
'Clunkers' Needs More Cash Tom Lindmark submits: “Cash for clunkers” is out of money! So what to do now? The “cash for clunkers” program has been a roaring success. in just one week Americans bought enough new cars utilizing the program that the NTSA said it was pretty certain it had exhausted the $1 billion that had been appropriated and was, therefore, suspending the program. Who says the government can’t do something right.Complete Story » seekingalpha.com |
Landstar's Q3 Report Meets Expectations Zacks.com submits: Landstar System Inc. (LSTR) reported third-quarter results after the closing bell yesterday. The company’s net income declined 38.7% to $20.1 million, compared to $32.8 million in the year-ago quarter. Earnings per share of 39 cents was well below the year-ago result of 62 cents per share, though it matched the Zacks Consensus Estimate. Landstar is a non-asset based provider of integrated supply chain solutions. The company offers specialized transportation, warehousing and logistics services through a worldwide network of more than 1,000 independent sales agents, 8,000 business capacity owners and 25,000 contract carriers and warehouse capacity owners.Complete Story » seekingalpha.com |
Genco Shipping Hits Headwinds optionMONSTER submits: By Chris.McKhannGenco (GNK) Shipping and Trading is attempting to stop the slide from recent highs, but the options trading is looking for a top.Complete Story » seekingalpha.com |