Would a "Double Dip" Take Down Hertz?
Graham and Dodd Investor submits:Audit Integrity, an independent research firm, raised a few hackles recently by publishing a list of major companies that, in its opinion, are most likely to go bankrupt. We would disagree with particular details of the report, which included the following passage:Complete Story » seekingalpha.com |
Chinese Automakers Hope to Bring Electric Cars to U.S. in 2010
Greentech Media submits: By Michael KanellosCoda Automotive, which wants to bring a largely Chinese electric car to the U.S. this year, has raised another $25 million and there's more to come.Complete Story » seekingalpha.com |
Hidden Value in T.A.T. Technologies (Part 1)
Yoseph West submits:T.A.T. Technologies Ltd. (TATT) provides a variety of services and products to the military and commercial aerospace and defense industries. More specifically, it operates three businesses: original equipment manufacturing (OEM), maintenance, repair and overhaul (MRO) services and parts services.It's a company with a strong balance sheet, solid margins and great growth potential. Here are the key ratios:Complete Story » seekingalpha.com |
Weighing the Week Ahead: It's All About Negativity
Jeff Miller submits: Let us suppose that there was a clear-cut, factual error in an important news item. In the Age of the Internet, this sort of thing is corrected in a heartbeat. Let us call it the Dan Rather principle. Rather had a distinguished career as a broadcast journalist, that met a sad ending in 2004. His news reports on President George W. Bush's military service relied upon documents that were quickly challenged. The Internet community reacted swiftly and effectively. It was a close election, and this might have made the difference. It certainly would not have happened in, for example, the days of Harry Truman.With this example in mind, I am baffled that the Internet community is so poor at correcting blunders in financial reporting. When a typographer says something about fonts, the world listens. When an expert explains something about financial data, it is a different story. Confirmation bias reigns. Today's report highlights one example, but I have several more in mind.Complete Story » seekingalpha.com |
U.S. Car Buyers Are Bullish on the U.S. Economy
Mark J. Perry submits: click to enlarge Car sales rebounded in July to the highest level since last August, as consumers purchased more than 12 million new vehicles last month at a seasonally adjusted annual rate (see chart above, data here). On a cumulative year-to-date basis, vehicle sales are 14.7% ahead of last year at this time. Compared to the month of July last year, total vehicle sales are up by 5.1% this year, boosted by a whopping 17.6% increase in light trucks versus last July (see related CD post "The Pickup Indicator"). Complete Story » seekingalpha.com |