| AMETEK Inc. Q3 2009 Earnings Conference Call AMETEK Inc. (AME)Q3 2009 Earnings CallOctober 27, 2009 8:30 a.m. ET Complete Story » seekingalpha.com |
Toyota and Obama - Why It's a Bad Idea for Government to Loan to Automakers Ira Stoll submits: "We're not finished with Toyota (TM)," the federal transportation secretary said, prompting a Wall Street Journal article reporting that The Obama administration toughened its stance toward Toyota Motor Corp. on Tuesday, saying it is still reviewing possible safety defects in the company's vehicles and weighing other actions, Complete Story » seekingalpha.com |
FedEx Corporation F3Q10 (Qtr End 02/28/20) Earnings Call Transcript FedEx Corporation (FDX)F3Q10 (Qtr End 02/28/20) Earnings Call TranscriptMarch 18, 2010 8:30 am ETComplete Story » seekingalpha.com |
Rail Carloads Drop to 20% Below 2008 Levels Wildebeest submits: Last week the Association of American Railroads [AAR] released data that showed that carload volumes were higher than the corresponding week in 2008. Several bulls seized on this data as an indication that things were getting better, whereas realists had a more measured interpretation of the data. You see last week the AAR release was for the week ending July 3. In 2008 the data was for the week ending July 5, i.e. it included the July 4 holiday. Naturally, anyone who wasn't searching for data to fit a narrative would have expected that data from a week that included a July 4 holiday would be lower than the weeks on either side of the release. It follows that it was a no brainer to predict that volumes this week would be significantly down on 2008, and that is what has eventuated. As the AAR said in their press release: WASHINGTON, D.C. – July 15, 2010 – The Association of American Railroads (AAR) today reported a decline in rail traffic for the week ending July 10, 2010, with U.S. railroads originating 252,963 carloads, down 3.5 percent compared with the same week in 2009 and down 20.8 percent from 2008. The July 4 Independence Day holiday did not affect comparison weeks in 2008 or 2009. In order to offer a complete picture of the progress in rail traffic, AAR reports 2010 weekly rail traffic with comparison weeks in both 2009 and 2008.Complete Story » seekingalpha.com |
The Market Is Warming to Shipping Sector on Better Fundamentals Jeffrey Walkenhorst submits:Per our James Grant-Treasury Bonds are "Not Super Safe" post, we will soon follow-up with more on stocks versus bonds. (although we did subsequently relay research from Epoch Investment Partners that shows the "Ratio of equity free cash flow yields to bonds near 50 year highs"). Here, we briefly touch on the shipping sector.We continue to favor container shipping companies Seaspan (SSW) and Global Ship Lease (GSL) and recently added to our positions. In August, both companies posted results that again illustrate the inherent stability of their long-term oriented business models. For those interested, Seaspan presented at an investor conference Friday in NYC. The company's built-in growth and potential for dividend hikes are particularly compelling, in our view, and are under-appreciated by the Market.Complete Story » seekingalpha.com |