| Saia Inc. Q3 2009 Earnings Call Transcript. Saia Inc. (SAIA)Q3 2009 Earnings Call October 23, 2009; 11:00 am ETComplete Story » seekingalpha.com |
Arctic Cat Inc. F3Q10 (Qtr End 12/31/09) Earnings Call Transcript Arctic Cat Inc. (SAP)F3Q10 (Qtr End 12/31/09) Earnings Call TranscriptJanuary 27, 2010 11:30 am ETComplete Story » seekingalpha.com |
Shipping Chairman Warns of Economic Sluggishness Michael Panzner submits: In large measure, the global economy depends on cross-border trade, while cross-border trade depends on one industry, in particular: transportation. With that in mind, the following report from the Financial Times, "Tung Gloomiest Yet on Shipping," seems somewhat at odds with recent remarks from the suddenly born-again optimist who runs Fedex (FDX) [italics mine]: The chairman of one of Asia’s biggest container shipping companies has given the gloomiest assessment yet of the sector’s future by a senior industry figure, after Orient Overseas International announced $401m losses for 2009.Complete Story » seekingalpha.com |
Rail Traffic: Warren Buffett's Favorite Economic Indicator Mark J. Perry submits: In this CNBC interview, Warren Buffett was asked to identify the single most important economic statistic he would choose if he was stranded on a desert island for a month and could only get one set of economic numbers. Buffett reported that his favorite “desert island indicator” would be freight car loadings. The likely reason that Buffett is so fond of rail traffic as his “desert island indicator” is that it measures the amount of raw materials, inputs, and supplies moving around the country every week, and this should accurately predict the future direction of the overall economy. After all, the inputs transported by rail eventually get processed into inventory, final output, and goods for sale. Complete Story » seekingalpha.com |
Magna International: Why I'm Starting a Position Trader Mark submits:I've had a limit order on Magna International (MGA) at $74.00 which just missed this morning, so I am going ahead with a market order in the upper $74s to get a 1.1% stake started in this auto supplier.This will be the second name in the space we own, and I continue to be very impressed at the profitability of some of these suppliers in a wretched auto market. If auto sales can rebound from the 11-12M annual range back to 13-14M (peak was well over 16M) profits are going to do things no one ever expected. That said, I am not calling for any huge rebound in auto sales, but with all the cost cutting companies like Magna are reporting fantastic earnings even at this very poor annual run rate of auto sales. Even in the continuing Great Recession auto sales should still stay around 10M at trough.Complete Story » seekingalpha.com |