TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Why Trinity Industries Is Undervalued Jeff Borack submits:Trinity Industries (TRN) is undervalued for two reasons: 1) Short-term earnings expectations from analysts and management are very low due to macroeconomic concerns justified by a significantly diminished backlog of orders and new order inflow. However, long-term earnings expectations are still strong based on industry fundamentals and independent forecasts for product demand. Even taking the most pessimistic scenario that I can concoct, TRN appears undervalued by over 50% at a present share price of around $10. 2) Earnings have been systematically understated due to the method of accounting for transfer of assets between subsidiaries. If we separate the railcar leasing division from TRN, the combined pro-forma earnings would have been between 10-30% higher over the past few years. This difference should continue as long as TRN builds its railcar leasing fleet, but if we froze the business today and simply let the assets generate revenue, shareholders would reap the benefits for up to 30 years.Complete Story » seekingalpha.com |
Chinese Demand Increases as BDI Hits 7-Month High Mark J. Perry submits: May 19 (Bloomberg) -- The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. China’s imports of iron ore, used in steelmaking, jumped 33% in April, setting a record for a third month, the customs office said last week. The nation, the world’s biggest steel producer, is stockpiling commodities as part of a reallocation of its sovereign wealth, Brian Jackson, senior strategist at the Bank of Canada in Hong Kong, said yesterday.Complete Story » seekingalpha.com |
Union Pacific Q2 2009 Earnings Call Transcript Union Pacific (UNP)Q2 2009 Earnings CallJuly 23, 2009 8:45 amComplete Story » seekingalpha.com |
Canadian Pacific Downgraded by UBS on Recent Stock Run-Up FP Trading Desk submits: While Canada’s top tier railways remain relatively inexpensive at current levels, the recent run-up in Canadian Pacific Railway Ltd.'s (CP) stock led to a downgrade Monday at UBS.The rail sector is currently trading at a discount to the levels they were during the previous recession in 2001. Complete Story » seekingalpha.com |
Werner Enterprises Joins the Special Dividend Party Jim Trippon submits:Werner Enterprises (WERN), the Nebraska-based trucking firm, announced it will pay a special dividend of $1.25 a share in addition to its regular quarterly dividend of 5 cents a share. The $90 million special payout will be made on December 8 to shareholders of record on November 23. Werner paid a special dividend of $2.10 a share in December 2008. Shares of Werner Enterprises are up 5% in the past three months.Complete Story » seekingalpha.com |