TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| September Auto Sales Weaken as Clunker Effect Ends Zacks.com submits: The U.S. auto industry witnessed waning auto sales during September as the U.S. Government’s "Cash for Clunkers" program (hereafter, CFC) ended its run in August. The CFC was a $3 billion cash incentive program, introduced in late July and ended August 24. The program allowed consumers to trade in their old gas-guzzling cars and trucks with a mileage of 18 miles per gallon or less for a value of up to $3,500-$4,500. The CFC drained out auto dealers’ inventories and sucked up potential September sales. Overall industry sales went down 26% year-over-year to 742,099 vehicles. This made September the worst month since February. Sales of cars and light trucks dipped 25% to 555,798 vehicles.Complete Story » seekingalpha.com |
If Burlington Northern Is 'Fully Valued', Is Berkshire Overvalued? Ravi Nagarajan submits:In an amended filing of the proxy for Berkshire Hathaway’s (BRK.A) proposed acquisition of Burlington Northern Santa Fe (BNI), new details have been provided regarding Burlington Northern’s management forecasts of future results based on a number of different macroeconomic assumptions. The restrained nature of the forecasts and the fact that management projections for 2010 net income are lower than Wall Street consensus forecasts, even under the most optimistic scenario, was the subject of an article in Barron’s over the weekend. In addition, Warren Buffett’s comment during negotiations that Burlington Northern is worth approximately mid-$90s per share has attracted attention particularly given Berkshire’s use of stock to fund part of the transaction. Let’s take a brief look at some of the more interesting information in the latest proxy filing.Complete Story » seekingalpha.com |
Toyota: Expect Some Rewriting of Analyst History Don Fishback submits: This pretty much says all you need to know. It’s a story about Toyota (TM). But it’s not so much about the recall fiasco, as much as it is an indictment on the analyst community covering the company: Eighteen equity analysts cover Toyota stock, which is traded on Wall Street (as American Depository Receipts, under the ticker TM) as well as in Tokyo. And as of the middle of January, no fewer than 16 recommended it to their clients, calling it either an “outperform” or a “buy.”Complete Story » seekingalpha.com |
Mergers: The Only Answer for Network Airlines Vaughn Cordle submits:Excess capacity and the need to satisfy consumers and Wall Street Bob Crandall’s suggestion to change bankruptcy and labor laws should result in less destructive fare competition. However, mergers still work best for the network airlines because profitability will still be inadequate even if the laws are changed. Mergers allow the network airlines to divert from a slow liquidation flight path that ultimately end in failure and it allows the scale and scope economies required to compete globally.Complete Story » seekingalpha.com |
Continental AG Q2 2010 Earnings Call Transcript Continental AG (CTTAY.OB)Q2 2010 Earnings CallJuly 28, 2010 10:00 am ETComplete Story » seekingalpha.com |