| Shipping Stocks Look Good for Extreme Value Investors Thomas MacLeod submits:There is a recent New York Post article that we'd like to briefly discuss today. It concerns ships at anchor just out of Singapore and is titled "Recession Anchors Trade."I think it is symptomatic of modern journalism. Mixing reporting of facts, not reporting some relevant facts, and just the right touch of scaremongering.Complete Story » seekingalpha.com |
Comparing Shipping Giants: FedEx vs. UPS Invest With An Edge submits: By Brandon ClayOn a lethargic day in terms of market action on Monday, the day’s biggest news arrived in the after-hours session when FedEx (FDX) boosted its profit guidance for the current quarter to $1.10 a share from 65-95 cents a share. FedEx cited increased demand for its international and ground shipping services as the catalyst for the robust quarter. Throw in the fact that the holiday shopping season is usually the busiest time of year for FedEx and its chief rival UPS (UPS) and it may be time to take a look at adding one of these stocks to your portfolio.Complete Story » seekingalpha.com |
Toyota:Wall Street as NHTSA:SEC/FINRA When regulators are in bed with industry, bad things happen. When regulators actually go to work for the industry, then really bad things happen. Evidence of this dynamic on Wall Street is overwhelming. Yet, don’t think that Wall Street has a monopoly on this incest. Bloomberg highlights that incestuous activity has also played out in the disaster encompassing Toyota (TM).Complete Story » seekingalpha.com |
Con-way Secondary Offering: Don't Back Up the Truck Ockham Research submits: Trucking and logistics firm Con-way (CNW) announced a substantial secondary offering last night, and understandably the market sent shares lower as a result. Con-way has commenced an offering of 4.3 million shares, and the allotment could run as high as nearly 5 million shares if underwriters (MS and GS) take advantage of their options to purchase. Coming into the day, we show the company as having 49.5 million shares outstanding, so this would be around 10% dilutive to current shareholders. The company did not disclose specifics in its press release, only mentioning that the capital would be used for general corporate purposes and capital expenditures. According to Barron’s, the secondary offering is not sitting well with at least one analyst. Bank of America/Merrill Lynch’s Ken Hoexter has downgraded the shares to “Neutral” from “Buy” and has also lowered his target from $42 to $39. His take is that it is the wrong time to expand their “less than truckload” fleet because of excess capacity. Furthermore, it is unimpressive that the company is not able to finance these expenditures through its own cash flow.Complete Story » seekingalpha.com |
Transports Are Winning the 140-Day Tug of War Bruce Pile submits:Back on July 1, I wrote a post at my blog I called "A Ray Of Sunshine." It looked at what seemed to me like some Dow Theory nonconfirmation of the technical breakdown of the Dow. Let's look at what I wrote back then:A ray of sunshine on an otherwise dreadful market outlook is the condition of the transports and a key tech leader index. These rays really stand out in all the gloom. The debt dominoes appear to be catching up with the rally from 2009. But before we bury the recovery, lets look at something important that is refusing to go along with the gloom so far.Complete Story » seekingalpha.com |