| Saia Inc. Q3 2009 Earnings Call Transcript. Saia Inc. (SAIA)Q3 2009 Earnings Call October 23, 2009; 11:00 am ETComplete Story » seekingalpha.com |
Transurban Bidders Get Local Help Streetwise Blog submits: By Boyd Erman The Canadian bidders for Australian road operator Transurban Group (TRAUF.PK) look like they are getting some local help after their first $6.2-billion (U.S.) offer hit resistance, as the Australian Future Fund is in talks to add its heft to the bid.Complete Story » seekingalpha.com |
StealthGas Softens Blow With $15 Million Share Buyback LNG (liquefied petroleum gas) shipping company, StealthGas (GASS) delivered disappointing results for the three month and twelve month periods ended December 31, 2009, this morning, but softened the blow with confirmation that is would use some of its cash pile to commence a share buyback.The Greek shipping company had warned several times in 2009 that it was expecting a difficult year, but nonetheless shares in the company fell 5% this morning after the company reported fourth quarter and full year results, and gave a fairly gloomy outlook for 2010.Complete Story » seekingalpha.com |
Shipping Shows Continued Improvement Calafia Beach Pundit submits: These measures of ocean shipping rates continue to point to healthy demand for shipping in both the Pacific and Atlantic. That in turn translates into continued good news for global growth. The best reason to think that the Greek debt situation will not prove contagious or harmful to the rest of Europe is the fact that the global economy is strengthening. Growth is a great remedy for debt.Complete Story » seekingalpha.com |
Magna International: Why I'm Starting a Position Trader Mark submits:I've had a limit order on Magna International (MGA) at $74.00 which just missed this morning, so I am going ahead with a market order in the upper $74s to get a 1.1% stake started in this auto supplier.This will be the second name in the space we own, and I continue to be very impressed at the profitability of some of these suppliers in a wretched auto market. If auto sales can rebound from the 11-12M annual range back to 13-14M (peak was well over 16M) profits are going to do things no one ever expected. That said, I am not calling for any huge rebound in auto sales, but with all the cost cutting companies like Magna are reporting fantastic earnings even at this very poor annual run rate of auto sales. Even in the continuing Great Recession auto sales should still stay around 10M at trough.Complete Story » seekingalpha.com |