Earnings Preview: Delta Air Lines
Delta Air Lines (DAL) is expected to report Q3 earnings on Thursday, October 22 before the market open with a conference call scheduled for 10:00 am ET. GuidanceAnalysts are looking for EPS of (5c) on revenue of $7.61B. The consensus range is (7c)-5c for EPS, and $7.52B-$7.73B for revenue, according to First Call. When Delta reported it Q2 results it also noted it has achieved more than $200M in synergy benefits from its merger with Northwest Airlines in the first half of 2009, and expects to generate at least $500M in total synergies in 2009. The company provided some guidance in mid September, expecting Q3 cap-ex of $270M and operating margin between 3%-4%. Delta's Q3 capacity guidance was not as positive expecting mainline capacity down 5%-6%, domestic capacity down 3%-4% and system capacity down 4%-5%. Despite the lowered capacity numbers investors should note the company's shares have jumped almost 49% since it last reported earnings, and Delta has topped analysts estimates every quarter in FY09.Complete Story » seekingalpha.com |
Seanergy Hardly Looks Like a Bargain
Wide Moat Investing submits:The daily troll for bargain securities will always produce a few nibbles. Yet, it is not until after the important and sometimes tedious work of reeling in requisite information that one actually gets a glimpse of his catch. One nibble this week was Seanergy Maritime Holdings Corp (SHIP). Having shown up on The Graham Investor’s NCAV screen, and having seen the substantial stake owned by Pine River Capital management, I took a closer look.Complete Story » seekingalpha.com |
China Auto Sales: Growth Should Continue
Denis Ouellet submits:China sales of automobiles totaled 2.876 million units for the first 2 months of 2010, a spectacular jump of 84% on last year’s sales during the same 2 months. Complete Story » seekingalpha.com |
Tesla IPO: Shares Pop, Drop, And Roll
Erick Schonfeld submits: Today is not the best day for an IPO. The Dow is down nearly 250 points. Tesla Motors rang the Nasdaq opening bell this morning to commemorate its initial public offering under the ticker symbol TSLA.Complete Story » seekingalpha.com |
Why Selling Volvo Was a Bad Move for Ford
Trefis submits: Ford Motor Company (F) is a global auto manufacturer that competes with the likes of GM, Chrysler, Toyota (TM) and Honda (HMC). Ford recently completed the sale of its Volvo division and related assets to China’s Zhejiang Geely Holding Group. We think the Volvo sale was a mistake that will hurt Ford’s global cash flow and North American market share going forward. Our analysis follows below. Complete Story » seekingalpha.com |