TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| GM Bankruptcy Would Be Clarifying, Not Disruptive Eric Falkenstein submits: Great news. It would be nice to actually see a big company fail. Currently, [[GM]] bonds trade at an average price of 18 cents on the dollar. This would not shock financial markets. Anyone lending to them already has taken a big hit. The stock trades at a value of $1.7B, on $91B in assets--option value. Implied vols are around 220%, the short rebate is about -87% (you pay 87% annually on the proceeds generated from a short sale). Thus, it's already dead. Bankruptcy would not 'disrupt' the firm, it would clarify the situation.Complete Story » seekingalpha.com |
The Final Hours of GM? Ockham Research submits: “It’s more and more apparent General Motors will file for bankruptcy....The question now is when? Remember the June 1 deadline? It might happen before that. We have indications it might. And how will it affect bond holders and the workers?” Fox Business Network 5/22/2009 Complete Story » seekingalpha.com |
Ford Shares Unchanged Despite Better than Expected Monthly Sales Frederic Ruffy submits: Ford Motor (F) shares were unchanged at $6.07, even as the automaker “surprised” the Street with better-than-expected monthly sales numbers. Ford auto sales fell 10.9 percent in June, which was significantly better than the -17 percent analysts had predicted. However, the “whisper” number was probably higher, as sentiment in the options market seemed to reflect increasing levels of bullishness in the days heading into the news (see Monday and Tuesday color on F).Complete Story » seekingalpha.com |
America’s Car Mart F1Q10 (Qtr End 7/31/09) Earnings Call Transcript America's Car-Mart, Inc. (CRMT)F1Q10 Earnings CallSeptember 1, 2009 11:00 am ETComplete Story » seekingalpha.com |
Liberals and Conservatives Agree: Proposed Oversight Bill Will Make Things Worse Washington's Blog submits: When a liberal labor leader and a conservative financial policy analyst unite against something, you know that something is really bad (actually, I don't believe in the whole false left-right dichotomy; I think its Americans versus those trying to steal our wallets and our rights, but that's another story). Yesterday, AFL-CIO president Richard Trumka slammed the Fed and the proposed "TARP on steroids" legislation in his testimony to Congress. Here are the must-read parts of Trumka's prepared remarks to the House Financial Services Committee:Complete Story » seekingalpha.com |