TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| What Shorts Make of Germany's GM Bailout Jessica Johnson submits:The Auto manufacturers are back on the market radar after the news that General Motors (MTLQQ.PK) will not be selling Opel after all. The news that German Government subsidies will be supporting a U.S. car company has been taken as a vote of confidence for some, but not all, of the other European car manufacturers. In these charts we show recent activity on the short side for 9 of the auto stocks. For full report click here.Complete Story » seekingalpha.com |
Ford: My Favorite Turnaround Stock Michael Cintolo submits:The good news is that the market’s recent correction has really made the stock picker’s job that much easier. Those stocks that rode the bull market higher but really didn’t have much institutional backing have fallen apart, some dropping 30% or more from their peaks. But those that have great stories and expectations of big growth ahead have hung in there beautifully, or even advanced somewhat, during the market’s downturn. As I’ve mentioned a couple of times, most stocks with big earnings growth that are resisting the market’s decline can be thought of as coiled springs – they want to head higher, but the market’s pressures are keeping a lid on them. Once those selling pressures ease, however, most should spring to life.Complete Story » seekingalpha.com |
General Motors: Reading the Whole Story Kid Dynamite submits: A friend of mine sent me the GM (MTLQQ.PK) press release today, amazed that they'd "paid back the government" in full and ahead of schedule. Wow. That would be pretty amazing. Let's go to the release: General Motors Company Chairman and CEO Ed Whitacre today announced that GM has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full, ahead of schedule..."GM is able to repay the taxpayers in full, with interest, ahead of schedule, because more customers are buying vehicles like the Chevrolet Malibu and Buick LaCrosse we build here in Fairfax," said Whitacre. "We are now building some of the best cars, trucks, and crossovers we have ever built, and customers are taking note. Our dealers are increasing their sales, we are investing in our plants, and we are restoring and creating jobs." Of course, what the GM press release doesn't make any mention of are the details: GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. At first the entire amount of U.S. aid was considered a loan as the government tried to keep GM from going under and pulling the fragile economy into a depression.Complete Story » seekingalpha.com |
Canadian Pacific Railway Limited Q2 2010 Earnings Call Transcript Canadian Pacific Railway Limited (CP)Q2 2010 Earnings Call July 28, 2010 11:00 a.m. ETComplete Story » seekingalpha.com |
Delta Expects Q3 Revenue to Rise on Strong Demand Trefis submits: Delta Air Lines Inc. (DAL), the second largest airline, expects third quarter unit revenue to rise on recovering travel demand. The demand for air travel has been growing better than expected. September traffic, measured in billions of revenue passenger miles, rose 6.5% year over year on 6.6% capacity increase and stable load factor (the percentage of seats filled). Revenue passenger miles is the revenue generated for every mile a passenger flies. The economic downturn in 2009 and the oil price hike in 2008 had affected the airline industry during the past two years. Now, with an economic resurgence, demand for air travel is increasing from last year’s depressed levels.Complete Story » seekingalpha.com |