The Drug War's Midlife Crisis
A conference of drug control experts offers long-familiar strategies and little hope of change. forbes.com |
Automotive Sector: Riskiest and Least Risky Companies
Research Recap submits: Audit Integrity says Oshkosh Corporation (OSK) and BorgWarner (BWA) are among riskiest North American public companies in the automotive sector, based on their “Very Aggressive” corporate governance practices. Borg Warner is also on Audit Integrity’s Investor Watchlist. Among other factors, the company was “Flagged for incentive compensation of CEO & CFO (91st percentile), ratio of CEO to CFO compensation (83rd percentile), and Chairman is CEO (since June 2003).” However, Morningstar noted on Oct 29 that BorgWarner’s investment-grade balance sheet’s net debt/capital ratio had declined to 21% from 25% at year-end. “Only healthy firms can strengthen their balance sheet in a recession rather than increase leverage to survive. If the positive scenario comes true, then BorgWarner can quickly increase production without hiring more people. Despite the recent decline in auto stock prices, we think BorgWarner is one of the best parts suppliers we cover. The firm’s products should see higher demand for years as governments keep imposing higher fuel economy regulations.”Complete Story » seekingalpha.com |
Dollar Thrifty Automotive Group, Inc. Q4 2009 Earnings Call Transcript
Dollar Thrifty Automotive Group, Inc. (DTG)Q4 2009 Earnings CallFebruary 17, 2010 9:00 am ETComplete Story » seekingalpha.com |
What's Driving Toyota Share Price?
Bud Labitan submitsToyota Motor Corporation (TM) primarily conducts business in the automotive industry. Toyota also conducts business in the finance and other industries. It is organized in three segments: automotive operations, financial services operations and all other operations. Toyota’s automotive operations include the design, manufacture, assembly and sale of passenger cars, minivans and commercial vehicles, such as trucks and related parts and accessories. Toyota’s financial services business consists primarily of providing financing to dealers and their customers for the purchase or lease of Toyota vehicles. Toyota’s financial services also provide retail leasing through the purchase of lease contracts originated by Toyota dealers. Related to Toyota’s automotive operations is its development of intelligent transport systems (ITS). Toyota’s all other operations business segment includes the design and manufacture of prefabricated housing and information technology related businesses.Does TM make for an intelligent investment or intelligent speculation today?Complete Story » seekingalpha.com |
Ford, GM: Two Automakers, Two Roads
MoneyShow.com submits: You couldn’t find a better illustration of the different paths taken by two of the Detroit Three than in dueling automobile reviews in The New York Times.The subjects of both pieces were brand-new hybrids from US-based manufacturers. But that’s about all they had in common. One of them, the new Ford Fusion hybrid, got a rave review and looks headed towards a promising future. The other, the so-called “mild hybrid” of the Chevrolet Malibu, is dead on arrival.Complete Story » seekingalpha.com |