TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| TBS International: Best Way to Play Dry Shippers An upgrade by Oppenheimer to DryShips (DRYS) has sent that stock and the rest of the dry-bulk shippers flying. DRYS is the big daddy of the space with the most revenues of its peers. It has also had one of the highest debt-loads, which caused it to recently dilute holders through a $500MM equity offering. With the fresh new capital raised, and the recent upgrade, DRYS has been off to the races - recently trading up 26%.Complete Story » seekingalpha.com |
Next in Line for a Bailout, Auto Company Suppliers Tom Lindmark submits:The black hole that is the auto industry needs to suck in more cash. The parts suppliers are once again lining up for federal aid. From the WSJ:Complete Story » seekingalpha.com |
Hawaiian Holdings Inc. Q2 2009 Earnings Call Transcript Hawaiian Holdings Inc. (HA)Q2 2009 Earnings CallJuly 27, 2009; 4:30 pm ETComplete Story » seekingalpha.com |
Tata Motors: Time to Hit the Brakes? Shiv Kapoor submits: In looking at Tata Motors (TTM), the first thing that jumps out is the poor condition of the balance sheet. On 31 March 2009, the debt on the balance sheet was Rs 392.134 billion ($8.7 billion); that is an astounding Rs 763 per share ($17). After reducing cash and cash equivalents, the net debt comes in at Rs 683 per share ($15). Shareholder equity was Rs 59.406 billion ($1.3 billion) or Rs 116 per share ($2.6). The net debt to net debt plus equity ratio is 86%. This is well over debt levels I consider prudent. My tolerable net debt to net debt plus equity ratio is 30%. For a car maker, a slightly higher than 30% is okay in some circumstances; they typically use a quasi financial services business to drive sales growth through financing buyers. For instance, when I last looked, Honda Motor Company (HMC) has a ratio of 48%. Complete Story » seekingalpha.com |
Arkansas Best: Small Cap Trucker Set to Go the Distance Relative to the railroads, the trucking industry has fallen off the radar screen. Berkshire's Burlington (BNI) buy didn't help. To make matters worse, the trucking industry has driven off a cliff with plummeting freight volumes and falling prices. Despite these troubles, there is reason for optimism. And at least one LTL carrier will be a big winner.According to research by Satish Jindel of SJ Consulting, the largest players in the LTL (less-than-truckload) segment of the trucking market are:Complete Story » seekingalpha.com |