TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Why I'm Bullish on Canadian Pacific The Moneygardener submits:Every once in a while on the moneygardener, I get the urge to explain why I like a certain company as an investment. The reasons why I own the stocks that I own for the long term are not as simple as past dividend growth or current low price to earnings ratios. I have specific qualitative, forward looking reasons for owning each and every stock that I own.Right now, one stock that I am watching intently because I want to add to my position is Canadian Pacific (CP). I was not as interested in CP when it was trading at C$86.00 back in July of 2007, but now that the stock is trading below C$40.00 I believe CP is ripe for an attractive long term investment. So other than the reasonable valuation, why am I so bullish on Canadian Pacific?Complete Story » seekingalpha.com |
The Detroit Syndrome of Economic Failure Leif Peterson submits:An historical reflection of Detroit's failing economy indicates that it was inextricably linked to the US auto industry and weapons complex. What threw Detroit's economy into a tail spin was the unfavorable financial positioning from lack of growth over 20 years in the presence of a very deep recession. Listed below are several parallels for the fall of Detroit's economy and the potential for the economic collapse of the US economy: Complete Story » seekingalpha.com |
Earnings Preview: Lockheed Martin Corp. Lockheed Martin Corp. (LMT) is expected to report Q2 earnings on Tuesday, July 21 before the market open with a conference call scheduled for 3 pm ET. GuidanceAnalysts are looking for EPS of $1.81 on revenue of $11.14B. The consensus range is $1.72-$1.88 for EPS, and $10.82B-$11.55B for revenue, according to First Call. Lockheed Martin raised its FY09 EPS guidance when it reported Q1 earnings. The company expects EPS of $7.15-$7.35, up from $7.05-$7.25 versus consensus $7.34. The company also sees FY09 revenue of $44.7B-$45.7B versus consensus $45.44B.Complete Story » seekingalpha.com |
Ford Plans Both Electric Vehicles and Plug-In Hybrids By John AddisonFord (F) is now taking orders for electric vehicles. By 2011, the Ford Motor Company will start taking orders for the new Ford Focus EV. Beyond 2011, Ford will offer the popular Focus in a variety of affordable options including hybrid-electric (HEV), plug-in hybrid (PHEV), and battery electric-vehicle (EV).Complete Story » seekingalpha.com |
Lockheed Martin's Pension Plan Is a Financial WMD Anthony Alfidi submits:The Global War on Terror was once based on the premise that enemies of the United States possessed weapons of mass destruction (WMDs). Defense contractors like Lockheed Martin (LMT) have raked in tremendous profits since the war began even though no WMDs have been found. Well, I’ve found one on Lockheed Martin’s balance sheet. LMT’s qualified defined benefit pension plan has been severely underfunded since its market value dramatically declined in 2008. Accounting for this on LMT’s balance sheet necessitated a severe writedown of shareholder equity that year. The plan’s portfolio composition is not clear, but if the plan’s managers used trendy concepts like the “Swensen Yale Model” that so enraptured other money managers of late then its assets may be in deep kimchi in coming years. In their 10-Q for Q2 2009, LMT states that they have made their full pension plan contributions for the year: In 2008, we made discretionary prepayments totaling $109 million related to our qualified defined benefit pension plans and $120 million related to our retiree medical and life insurance plans. These prepayments reduce our cash funding requirements for 2009. There were no contributions in the first six months of 2009. Based on our known requirements as of June 28, 2009, we do not expect there to be any required cash contributions related to the qualified defined benefit pension plans or the medical and life insurance plans for the remainder of 2009 due to the prepayments made in prior years. We may review options for further discretionary contributions in 2009. Complete Story » seekingalpha.com |