TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| The Western Union Co. Q1 2009 Earnings Call Transcript The Western Union Co. (WU)Q1 2009 Earnings CallApril 21, 2009 8:30 am ETComplete Story » seekingalpha.com |
Winners, Losers in GM Bankruptcy Tom Lindmark submits:Here is one of those trades that will set some people’s teeth to gnashing. A couple savvy investor types made a bundle speculating on GM bonds and bank loans. From Bloomberg:Complete Story » seekingalpha.com |
Mulally Gets an A+ as Ford Is on the Rise James Byrne submits:Ford Motor (F) has made significant strides and progress under the stewardship of Alan Mulally. While his domestic competitors ducked into "prepackaged" bankruptcies wiping out shareholder values, Mulally skillfully steered Ford back from the brink. The easy route was this route, however Mulally had another plan. He, like the rest of America, saw the bloated costs and declining market share the domestics were experiencing. Unlike his competitors, Mulally decided something needed to be done. Changes needed to be made, costs needed to be reigned in, and the Unions had to become a partner in saving this company and returning it to prosperity for the good of all parties involved.Thus far, he gets an A+ for clearly articulating his plan, then having the backbone and negotiating skills to implement the necessary changes. The million dollar question is, "How do I play this?" Ford unlike its competitors, still has a mountain of debt it needs to service. (GM and Chrysler were able to unload much of their debt within the confines of bankruptcy protection.) Ford has continued opportunistically buying back its own debt at deep discounts. To further bring down its expenses, it will need to continue along this line. The concern is the company may once again tap the markets with another share offering raising a few billion dollars to again pay down debt. Good news. Not so good news for existing shareholders as it would be highly dilutive.Complete Story » seekingalpha.com |
Airline Revenue Datapoint of the Day Felix Salmon submits: Joe Brancatelli finds a wonderful inverse relationship when it comes to ancillary airline fees: Here’s an indisputable fact: During the second quarter of the year, the nation’s largest airlines collected $669.5 million worth of baggage fees from the nation’s hapless passengers. That’s an attention-grabbing 275 percent increase from the second quarter of 2008.Complete Story » seekingalpha.com |
Boeing Delivers First New, Efficient 777 Zacks.com submits: Boeing Co. (BA) delivered its first 777-300ER (Extended Range) airplane to GE Capital Aviation Services and its lease customer Philippine Airlines. It is the first 777 in the fleet of Philippine Airlines. The aircraft was packed with relief supplies for victims of Typhoon Ketsana. The airline has four more of this aircraft on order with Boeing. In the recently reported third quarter of fiscal 2009, the company booked 96 gross orders. The company finished the quarter with segmental backlog of $254 billion. Complete Story » seekingalpha.com |