TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Baltic Dry Index Gets Moving Andrew Horowitz submits: The Baltic Dry Index, an index that follows the cost for cargo and goods traveling by sea. During its heyday, it was approaching 12,000 and now it is almost 90% lower. This is usually a good guide to how much demand there is for the global economy and works rather well as a coincident indicator. Notice how it turned down recently in a time when some stocks that usually track it are moving up (Excel Maritime (EXM) to be exact). But one of the interesting points here is that the index started to move higher during the first part of 2009, stoking the idea that global demand is revving higher.Complete Story » seekingalpha.com |
MarineMax: Boating Liquidation Sale of a Lifetime? H.J. Huney submits:The odd thing about investing is that it is often a counter-intuitive pursuit. You may realize that a certain company has favorable prospects moving forward, but if the market has already priced these expectations into the price of a security, are you really getting a good value? Oftentimes, the answer is “no.” Buying into a company with horrifying bleak near-term prospects might seem suicidal but if the price is right, then why not?Over the past few months, I have written extensively about seeking out bargains amongst Real Estate Investment Trusts (REITs). I have found quality companies that I believe can be had at huge discounts such as Brandywine (BDN), Lexington (LXP), and Winthrop (FUR). I have also found REITs that appeared to be priced well under liquidation value such as Colonial (CLP) under $4. These bargains have become available because of widespread fears about commercial real estate. Yet, these stocks are often priced with massive cushions built in so that even with massive declines in property values and high vacancy rates, you’d still be getting a deal.Complete Story » seekingalpha.com |
C. H. Robinson Worldwide, Inc. Q2 2009 Earnings Call Transcript C. H. Robinson Worldwide, Inc. (CHRW)Q2 2009 Earnings CallJuly 21, 2009 5:00 pm ETComplete Story » seekingalpha.com |
Car Sales Down Post Cash-For-Clunkers Rolfe Winkler, CFA submits: Car sales dropped sharply in September, after the Cash 4 Clunkers program expired. Sales compared to August were… Honda: -52%Toyota: -44%Other: -41%GM: -37%Ford: -37%Chrysler: -33% Overall, the seasonally adjusted annual rate of auto sales fell back to 9.2 million in September, well below the peak over 17 million (good charts from CR here).Complete Story » seekingalpha.com |
Increased Railroad Interest Boosts CP Rail Debt Issue Streetwise Blog submits: Warren Buffet isn’t the only investor buying into railroads. Canadian Pacific Railway (CP) attracted the fixed income crowd on Thursday with a $400 million 30-year bond issue. It was the railway’s first new issue since May 2008, and the underwriting was led by CIBC World Markets and RBC Dominion Securities.Complete Story » seekingalpha.com |