AutoNation: Earnings Preview
Zacks.com submits: AutoNation (AN) will release its sales and earnings results for the third quarter ended Sep 30, 2009, on Thursday, Oct 29, 2009, before the market opens. The Florida-based automotive retailer reported earnings of $55 million or 31 cents per share in the second quarter of 2009. This was above the Zacks Consensus Estimate of 24 cents per share despite a difficult industry environment. The company believed its cost reduction initiatives, lower interest expense, disciplined operating model and inventory management helped it to maintain the profits during the quarter. However, earnings were essentially flat compared to the year-ago level of $56 million or 31 cents per share. For the quarter, Zacks Consensus Estimate for AutoNation is 32 cents per share, reflecting a meager improvement from recorded earnings in the previous quarter. Complete Story » seekingalpha.com |
Ford: Still Driving Higher
Jamie Moye submits:Ford (F) is trading higher, nearly 8% higher, today on the back of an upgrade from Deutsche Bank. It is hard to believe that, since the market high, marked by the S&P Global 100 ETF (IOO) in October 2007, the best performer between Ford, the Emerging Markets ETF (EME) and the S&P Global 100 ETF (IOO) is Ford by a wide margin with a gain of 32% versus -10% (EME) and -27% (IOO). Since the March 2009 lows, the returns are more in Ford's favor: 550% versus 94% (EME) and 68% (IOO).Complete Story » seekingalpha.com |
Cramer: Still Selling Toyota and Buying Ford
Ockham Research submits: “…Case in point, The Ford Motor Company. This company is blowing the doors off the business! 43% monthly sales gain. Stunning increase in market share from 14% to 17%. It just passed General Motors…Yet how many times have you asked me about a different auto company in the “Lightning Round”, as right now I’m getting questions about Toyota almost daily. Are the short-term problems with Toyota an opportunity to buy the stock? I know that’s what you’re thinking. To which I say, how do I know if they are just short-term problems, for heaven’s sake? What if Toyota is a damaged company… This Toyota fiasco could be like the Audi sudden acceleration problem from a different era that gutted that firm’s reputation for years. If I were you, I’d sell Toyota, buy Ford.” — CNBC’s Mad Money 3/2/2010Complete Story » seekingalpha.com |
AMERCO F4Q10 (Qtr End 03/31/10) Earnings Call Transcript
AMERCO (UHAL)F4Q10 (Qtr End 03/31/10) Earnings CallJune 10, 2010 11:00 am ETComplete Story » seekingalpha.com |
Five Beaten-Down Stocks With Large Upside Potential
StreetAuthority submits: By David StermanThe coming months could prove to be an enticing time for investors. Many stocks are trading well off their highs under the assumption that the coming streams of economic data will prove to be disheartening. If we indeed are in for a tough slog in the months and quarters ahead, then many of these stocks could meander at their current cheap valuations. But even modestly good news on the economic front could sharply boost interest in stocks, as we may be looking at the beginning of a sustained economic upturn.Complete Story » seekingalpha.com |