| OceanFreight: Why It's Now a Must Buy Jeremy Richards submits: OceanFreight, Inc (OCNF) is an owner and operator of both drybulk and tanker vessels that operate worldwide. OCNF owns a fleet of 12 vessels, comprised of 8 drybulk vessels (2 Capesize, 6 Panamaxes) and 4 crude carrier tankers (1 Suezmax, 3 Aframaxes) with a combined dead weight tonnage of about 1.22 million tons. The company has agreed to acquire two Capesize dry bulk vessels and upon the delivery of these vessels to OCNF its fleet will consist of 14 vessels, comprised of 10 dry bulk carriers (4 Capesizes, 6 Panamaxes) and 4 tankers (1 Suezmax, 3 Aframaxes) with a combined deadweight tonnage of approximately 1.6 million tons. Complete Story » seekingalpha.com |
ArvinMeritor, Inc. F1Q10 (Qtr End 12/31/09) Earnings Call Transcript ArvinMeritor, Inc. (ARM)F1Q10 (Qtr End 12/31/09) Earnings Call TranscriptFebruary 2, 2010 9:00 am ETComplete Story » seekingalpha.com |
The Road Ahead for Auto Suppliers Morningstar submits: By David WhistonThe auto parts sector has gone through some painful restructuring during the past two years, but the worst seems to be over. As of April 24, North American light-vehicle production is up almost 1.5 million units year over year. Most industry forecasts are calling for continued increases in auto demand over the next few years.Complete Story » seekingalpha.com |
European Union Makes Airlines Compensate for Delays When flights are delayed or canceled, the European Union requires airlines to pay for passengers’ hotel rooms and meals. travel.nytimes.com |
Aerosonic: Rough Past, Bright Future Tim Welland submits: Business OverviewAerosonic (AIM) operates in one business segment, manufacturing airplane instruments. Approximately 28% of its business comes from government, with the remaining amount from the private sector. Also, approximately 40% of its business is from foreign companies in 2010 (30% in 2009). AIM has been working over the past 5+ years to move into the digital instrument market after manufacturing mostly analog instruments prior to this; this follows industry trends. AIM’s major customers are the largest defense contractors and airplane manufacturers in the world, including Lockheed Martin (LMT), Boeing (BA), and Korean Aerospace Industries. These companies have been loyal customers for many years.Complete Story » seekingalpha.com |