TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Earnings Preview: Continental Airlines Continental Airlines (CAL) is expected to report Q2 earnings Wednesday, October 21, with a conference call scheduled for 10:30 am ET. GuidanceAnalysts are looking for EPS of (6c) on revenue of $3.32B. The consensus range is very wide at (78c)-15c for EPS, and $3.2B-$3.45B for revenue, according to First Call. Continental Airlines stated in mid October that it expects to record special charges during Q3 totaling $20M. When the company reported Q2 results, it announced it will look to cut $100M in costs, while eliminating 1,700 positions across country. Continental feels these cost cutting measures will result in $100M yearly benefits by 2010. Complete Story » seekingalpha.com |
Death of the Electric Car: Li-ion Batteries Too Valuable for Plug-In Vehicles John Petersen submits:In November 2006, a slick issue-oriented documentary asked the provocative question "Who Killed the Electric Car" and argued that General Motors' EV1 project was terminated because of collusion between the auto and oil industries. The truth is nobody killed the electric car. It died in infancy from congenital birth defects and the same flaws that killed the EV1 will probably kill Tesla Motors, Fisker Automotive, Nissan's (NSANY) Leaf and GM's Volt. This is not a question of cost, performance, abuse tolerance or cycle-life. It's a fundamental flaw in the economics of using batteries to replace a fuel tank; a flaw that will cost investors billions before the current round of electric car hype fades and the rotting corpse of an idea only Hollywood could love is buried with a silver stake through its undead heart. The electric car died for two simple reasons. First, the batteries are too valuable to waste. Second, it takes a couple hundred pounds of batteries to store the useful energy found in a gallon of gas that weighs 6.4 pounds. In the end you get an obscenely expensive vehicle that virtually guarantees substandard performance if you stray outside your reliable recharge radius.Complete Story » seekingalpha.com |
Smash a Toyota, Boost the U.S. Economy? Dr. Duru submits: In her Nightly Business Report blog, Terri Cullen summarizes the potential economic impact of Toyota’sproblems in “Toyota Recalls and the Economy.” In this article, Cullens suggests that what is bad for Toyota (TM) might be good for the U.S.: The Toyota recalls may turn out to have a positive impact on the U.S. auto industry — and in turn the U.S. economy itself — in the near-term as nervous owners trade in their vehicles for competing models. With the federal ‘Cash for Clunkers’ stimulus program now over, the industry will take whatever consumer incentives it can get.Complete Story » seekingalpha.com |
On Shorting Stocks, Double Dips and the UAL / Continental Merger Reggie Middleton submits:In continuing with our search for bankrupt potential short candidates , we came across a couple of airline companies (reference Non-Financial Companies to Short in 2010, as well as BoomBustBlog Bankruptcy Search: Focus on British Petroleum and Collateral Damage and The BoomBustBlog Pan-European Sovereign Debt Crisis Bankruptcy Search). Since these companies have such a high sensitivity to fuel prices, we decided to review them separately and with additional detail. I have decided to release the results of the cursory research on the two companies (UAL US Equity [UAUA Listed] and CAL US Equity) that were shortlisted yesterday to the public since I don’t feel it will be of use to the majority of my subscribers. OverviewComplete Story » seekingalpha.com |
Is GM Really Ready to Roll On With Its IPO? Money Morning submits: By Don MillerWhether it's because the company is ready to again stand on its own two feet, or because of undue political pressure, General Motors Co. looks to be preparing an initial public offering (IPO) that would repay billions to taxpayers who own a majority stake in the company. The company Thursday reported a 44% increase in net profit and announced that Chief Executive Officer Ed Whitacre would step down from his post on Sept. 1. Whitacre, who was named GM's chairman last year as the company emerged from bankruptcy protection, will be replaced by GM board member Daniel Akerson. Akerson has little experience in the automobile industry, but he boasts a solid track record of leading telecommunications companies.Complete Story » seekingalpha.com |