TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Bull and the Bear Case for HOG Trader Mark submits:An interesting dual of analysts in this Fortune piece over Harley Davidson (HOG) . After seeing a raft of "consumer discretionary" companies report quite awful year over year results but "better than expected" (and watching their stocks soar), I did some double takes this week. Here is the tricky thing with ALL these stocks; mutual funds (of the value kind) love to load up on these things ahead of a recovery. Or at least their vision of recovery - this is "the playbook". The same playbook utilized (in retrospect incorrectly) multiple times in 2008. Will we have a recovery in "6 months"? Well we've been told we would for about this recovery for 5 of the past 0 recoveries since early 2008. I am in the "paper printing recovery" camp as I've been saying for much of the past month; the thought that so much currency will be shoved into the system, that numbers that matter to "experts" such as GDP will be goosed higher.Complete Story » seekingalpha.com |
Why I'm Adding to Excel Maritime, Atwood Oceanic and James River Coal Trader Mark submits:Another nice markup to close the day. I have to hand it to the magical invisible hand. Not as egregious as last Friday, but we'll take it.Over under in how many days the "reflation" trade comes back? 2.Complete Story » seekingalpha.com |
S&P Not So Friendly to United Air Lines Research Recap submits: Standard & Poor’s has placed United Airlines (NYSE: UAUA) on CreditWatch with negative implications, due to concerns about its cash flow and liquidity. This despite the fact that the airline company reported a smaller-than-expected loss on Tuesday. S&P said “UAL had $2.6 billion of unrestricted cash as of June 30, 2009, and raised an additional $155 million in early July, an amount we feel is likely to decline without significant further liquidity initiatives by the company, during the seasonally weaker third and fourth quarters.”Complete Story » seekingalpha.com |
US Airways Traffic Falls in September Zacks.com submits: Monday, US Airways (LCC) announced preliminary mainline traffic results for Sept. 2009. The company reported a drop in mainline passenger load factor to 79.3% from 80.1% last year. Total scheduled mainline revenue passenger miles (RPMs) decreased 1.6% to $4.6 billion on a capacity decrease of 0.6% in scheduled mainline available seat miles (ASMs), compared with the same period in 2008. Consolidated (mainline and express) passenger revenue per available seat mile (PRASM) decreased approximately 15%, versus the same period last year, while total revenue per available seat mile decreased approximately 14% on a year-over-year basis.Complete Story » seekingalpha.com |
AutoZone Cash Conversion Cycle: A Competitive Advantage? Elias Tsepouridis submits: After reviewing the recent Advance Auto Parts (AAP) financial results that were released on November 11th, I was impressed by the same store sales growth of 4.7% that AAP was able to capture within this economy. With a quick scan, AAP competes in many aspects of my value scorecard and I will continue to evaluate this firm as a potential purchase of some common shares for my next investment. In addition to the value scorecard, I reviewed the other competitors in this industry to see what other value plays are out there, including AutoZone Inc. (AZO) and O'Reilly Automotive, Inc (ORLY). The one metric that seems to show some variation in this competitive set is the cash conversion cycle. If you are not familiar with the cash conversion cycle, here is the definition (per Wikipedia):Complete Story » seekingalpha.com |