TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Burlington Northern Q3: Beats, But Volumes Down Again Zacks.com submits: Burlington Northern Santa Fe Corp’s (BNI) third quarter earnings came in at $1.36 per share, ahead of the Zacks Consensus Estimate of $1.28 per share. Last year, the company had a profit of $1.99 per share. Results were negatively affected by a decline in freight volumes, partially offset by reduced costs. Total revenues declined 27.0% year over year to $3.6 billion. The decline was brought about by a decrease in fuel surcharges coupled with lower unit volumes, partially offset by improved yields. Complete Story » seekingalpha.com |
Jim Chanos Bets Against China Market Folly submits:Jim Chanos, the noted short-seller and manager of hedge fund Kynikos Associates was recently interviewed and provided some insight as to what he is shorting. We see that he has taken aim at automakers as he is short the manufacturers and said he would not want to be long Ford (F) or Fiat (FIATY.PK). While it seems he is talking about the equity here, we found this interesting as many hedge funds have been long the debt side of the automotive industry as bonds in GMAC, Ford Motor Credit Corp, and Ford had previously been scooped up by prominent hedge funds.Interestingly enough, Chanos is also betting against China and is doing so by betting against copper, iron ore, and various other commodities used in China's expansion. Take note though, that he does not include gold in this list of commodities to short since people typically don't create buildings out of gold. He says that he is just now putting on these shorts and he may be early but he sees many opportunities there.Complete Story » seekingalpha.com |
Western Union Prices 2020 Notes Zacks.com submits: Money transfer company Western Union Inc. (WU) announced Friday the pricing of its new issue of notes due 2020. The exchange price has been set at $1,070.10 for each $1,000 principal amount of old notes tendered.Western Union, which announced the new issue of notes earlier during the month, is doing so to exchange $500 million of aggregate principal notes outstanding due 2011. The new notes will carry an interest rate of 5.253%, with expiration due in Apr 2020.Complete Story » seekingalpha.com |
Kandi Tech Reports Strong Results, But Future Depends on Electric Car Growth Tate Dwinnell submits: Kandi Technologies (KNDI) reported strong earnings results this morning with an EPS of .04/share on revenues of $8.25 million. That’s a big improvement over the year ago quarter in which the company reported a loss of .03/share on revenues of $4 million, but no so impressive when you compare it sequentially. The company had been reporting accelerating revenue growth with $4 million, $5.5, $9.6 and $14.7 million over the last 4 quarters, so the $8.25 million this quarter no longer seems so impressive.The future growth of this company really depends on the success of its COCO electric vehicle for which it recently received approval. Currently, it’s a go-kart and ATV business and while the go-kart business is doing very well with 44% growth last quarter, the future depends on its EV growth.Complete Story » seekingalpha.com |
Why You Do Not Want to Invest in the 'New' General Motors Investment U submits: By Tony D’AltorioIt wasn’t that long ago that General Motors underwent a US government-bankrolled bankruptcy that all but wiped out its existing shareholders. Now, thirteen months later, General Motors is filing for an initial public offering (IPO).Complete Story » seekingalpha.com |