| Genesis Lease Confirms M&A Discussions with AerCap Stone Fox Capital submits:In a rather unusual twist, Genesis Lease (GLS) confirms that they are actually in M&A discussions backing up an earlier story from Monday. No guarantee that it will work out, but it's surprising to see that the article was at least partially accurate. In the past it tends to work out that such articles are only half accurate. The article suggested that AerCap (AER) was in the process of buying GLS for a 40% premium or a price that would work out to $9.60. So don't be surprised if it's actually another acquirer or if the purchase price is materially different.The deal would still be way below the $14 book value of GLS, but Stone Fox Capital has argued that since AER also trades at a similar BV discount it'd be advantageous for GLS shareholders to take the 40% bump and then participate in any AER rally. A rally likely to be quicker with the attention such a deal would bring. In addition, we suggested just less then a month ago that AER was the best investment in the airplane leasing sector: AirCap Leads the Airplane Leasing Sector.Complete Story » seekingalpha.com |
GM Board's Search for a 'World Class CEO' Is Not a Good Sign The Baseline Scenario submits: by James KwakThe board of GM asked Fritz Henderson to resign as CEO. I don’t have an opinion on Fritz Henderson. But here’s the worrying bit, from the New York Times article:Complete Story » seekingalpha.com |
Lear Corp. Q4 2009 Earnings Call Transcript Lear Corp. (LEA)Q4 2009 Earnings CallFebruary 5, 2010 9:00 am ETComplete Story » seekingalpha.com |
Wabco Holdings, Inc. Q1 2010 Earnings Call Transcript Wabco Holdings, Inc. (WBC)Q1 2010 Earnings Conference CallMay 5, 2010 9:00 AM ETComplete Story » seekingalpha.com |
On GM's Move Into Subprime Lending Market Blog submits: By David BermanGeneral Motors Co.'s decision to buy AmeriCredit Corp. (ACF) is getting some traction among observers on Thursday. No, it's not the price tag of the deal, at $3.5-billion (U.S.). Nor is it the perplexing move by GM to expand into auto financing so soon after selling its GMAC financial division in 2006.Complete Story » seekingalpha.com |