| Increased Railroad Interest Boosts CP Rail Debt Issue Streetwise Blog submits: Warren Buffet isn’t the only investor buying into railroads. Canadian Pacific Railway (CP) attracted the fixed income crowd on Thursday with a $400 million 30-year bond issue. It was the railway’s first new issue since May 2008, and the underwriting was led by CIBC World Markets and RBC Dominion Securities.Complete Story » seekingalpha.com |
Eaton Corporation Q4 2009 Earnings Call Transcript Eaton Corporation (ETN)Q4 2009 Earnings Call January 25, 2010 10:00 am ETComplete Story » seekingalpha.com |
Earnings Preview: Ford theflyonthewall.com submits: Ford (F) is expected to report Q1 earnings Tuesday, April 27 before the market open with a conference call scheduled for 9 am ET. GuidanceAnalysts are looking for EPS of 31c on revenue of $30.49B. The consensus range is 20c-37c for EPS, and $27.5B-$32.76B for revenue, according to First Call. Factors that may help Ford in Q1 include Toyota's (TM) massive recall and improving sales metrics, with the car giant reporting March total sales up 39.8%. At an industry event in mid-April, Ford Americas President Mark Fields said the automaker made more money from car and truck sales in Q1 than it did in the year-earlier period despite a big increase in discounts by Toyota. Ford gained 2.7% points of market share in the first three months of 2010 in the U.S., Fields says, noting that the company's intent is to be profitable this year in North America in automotive and "profitable as a company." Possible negative factors for this quarter include slower European sales as government stimulus programs tail off. Complete Story » seekingalpha.com |
What Do Big Oil and EV Batteries Have in Common? Neal Dikeman submits: For those of you interested in the sector under the sector in electric vehicles, the guts of Li-Ion battery technology, the week just got more interesting than an overpriced, over hyped Tesla IPO.Check out a very quiet unannouncement in A123's SEC filings noting a multi-year supply deal with ConocoPhillips' (COP) Cpreme, the emerging leader in anode materials for Li On batteries. The technology is a processing technology to make high performance graphite based powders out of plain old petroleum coke materials, that has the potential to be very low cost at scale. A123 has announced supply deals in the past with Navistar (NAV), Fisker, Eaton (ETN), Think, the Chevrolet Volt and a number of others.Complete Story » seekingalpha.com |
Lockheed Martin Reeling From Retrenchment in Q3 Zacks.com submits: Lockheed Martin Corporation’s (LMT) third quarter 2010 earnings came in at $1.57, a penny shorter than the Zacks Consensus Estimate of $1.58 and way below the year-ago quarterly earnings of $2.07. However, reported quarter’s results were affected by a one-time charge of $178 million related to the VESP (Voluntary Executive Separation Program). Through VESP the company retrenched approximately 600 executives, or about 25% of its total executive population. Although effects of the retrenchment program would prove to be beneficial to the company over the long-term, it has to absorb the near-term bumps in earnings. In contrast, year-ago quarterly earnings were boosted by an unusual tax benefit from the resolution of an IRS examination, which increased earnings by $58 million.Complete Story » seekingalpha.com |