TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Hexcel Corporation Q3 2009 Earnings Call Transcript Hexcel Corporation (HXL)Q3 2009 Earnings CallOctober 27, 2009 10:00 am ETComplete Story » seekingalpha.com |
Ford's Plan to Undercut GM's Volt Greentech Media submits: by Michael KanellosDearborn, MI--We will likely have a spirited debate over plug-in hybrid philosophy after all.Complete Story » seekingalpha.com |
Focus on Auto Fleet Transition: U.S. Leads Hybrid Sales Market, for Now Paul Kedrosky submits: The Trouble Turning Over the U.S. Auto FleetMany people, myself included, consistently underestimate the difficulty of transitioning the U.S. auto fleet to something other than gasoline reliance. This chart makes that point clearly, because it's hard to change the fleet when people insist on hanging onto their autos ever-longer.Complete Story » seekingalpha.com |
Polaris: Restructuring Proves Good for the Stock Price, Bad for America Trader Mark submits:While at the moment this sickly market has me standing to the side chewing on straw and swimming in cash, I am continuing to review the companies whose stocks are the last group sitting above the 50- and 200-day moving averages to diagnose why they are showing relative strength. One such candidate is Polaris Industries (PII) which makes a lot of "boy's toys" - i.e. all terrain vehicles, snowmobiles, and motorcyles (most of the business however is ATV).Via the company description:Complete Story » seekingalpha.com |
Auto Sales Stall as Economy Waffles Trader Mark submits:Housing and auto sales, the two cyclical industries that most directly affect the U.S. economy and are the largest consumption decisions in day to day life, have rebounded off the worst levels of 2008 and early 2009 when most Americans were in a cocooned-like state. Yet despite record mortgage rates and affordability in housing, and the return of cheap financing and rebates in the auto market we are not seeing much in terms of momentum. Yet another sign of the 'square root recovery'. Put another way, we appear to be stuck at 'green shoot' levels with little follow through or acceleration upward. I continue to believe the analyst community, centered in NYC, does not understand how much of consumer spending the past half decade+ was driven by the house ATM in America... with people reliant on savings/wages to consumer, rather than easy credit and the magic of house appreciation, do not expect any major recovery for many years. Due to this lack of savings across the majority of America, the terms of loans in the auto market were reaching 'ridiculous' as we highlighted (to deaf ears at the time) [Sep 17, 2007: Is a 10 Year Car Mortgage Far Off?] Feb 13, 2008: Car Loans Being Stretched to 7 Years] Specific to the auto sector, is is generally thought that roughly 12M in annual sales is necessary simply to replace old stock as cars go kaput, so seeing annual run rates sub 12M this deep into the 'recovery' is telling. (at peak of the house ATM, credit bubble auto sales were in excess of 16M, and they dropped below 10M at the worst 2 years ago) On the positive side, as speculators, we can be happy that the workforces in the industry have been slashed and burned to the point companies are profitable at even 11M annual sales; so if there is even a recovery to 13-14M in sales (whatever year that may be), profits should be prodigious.Complete Story » seekingalpha.com |