TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Canadian Pacific Railway Q1 2009 Earnings Call Transcript Canadian Pacific Railway, Ltd (CP)Q1 2009 Earnings CallApril 23, 2009 11:00 AM ETComplete Story » seekingalpha.com |
Carmax Could Disappoint Ahead of Earnings Zachary Scheidt submits: CarMax, Inc. (KMX) will announce earnings next week as its fiscal first quarter ended on May 31. Despite sagging sales the last three quarters, investors appear optimistic that this report will be a bit stronger. The stock is currently trading near $13 after hitting a low of $5.76 on November 21. Unfortunately, while KMX has been a great success story for 2009, the current stock price appears vulnerable to a sharp decline if the news is anything but spectacular. Analysts are expecting the current year (fiscal 2010 ending February 28) to generate earnings of 23 cents per share leaving the stock with a current PE of 57. Now to be fair, I should also point out that 2011 is expected to generate earnings of $0.49 so the multiple on earnings 2 years out is only 26.5. However, that is still fairly high for such a speculative growth story. Much of the recent strength has been due to increasing expectations of used car sales, and positive financing data. The logical argument is that as the consumer deals with lower employment and reduced balance sheets, he or she will more likely buy a used car instead of springing for that shiny new set of wheels. And the high profile bankruptcies of the US car manufacturers has certainly not hurt the trend towards buying used cars.Complete Story » seekingalpha.com |
MarineMax F3Q09 (Qtr End 6/30/09) Earnings Transcript MarineMax, Inc. (HZO)F3Q09 (Qtr End 6/30/09) Earnings CallJuly 30, 2009 10:00 AM ETComplete Story » seekingalpha.com |
Boeing Downgraded on 787 Delays Zacks.com submits: Moody’s Investor Services (MCO) has downgraded Boeing Co.’s (BA) rating outlook to "negative" from "stable". The major reason for the downgrade was the delay in the airplane maker's new 787 series, besides other setbacks that had hurt its financial flexibility. Pitted against Airbus’s A319 aircraft, Boeing’s 787 series is plagued by delays. The inaugural test flight at the end of fiscal 2009 is more than two years behind the original delivery schedule. The company has already deferred the inaugural delivery of the 787 series aircraft five times.Complete Story » seekingalpha.com |
Auto Sales Flat in November: Good News These Days TheCarConnection.com submits: If, as they say, "flat is the new up", then auto sales were way up last month. The U.S. saw 746,928 car and truck sales in November 2009 -- a statistical dead-heat with the 746,789 sold in November 2008. Of course, not every automaker stayed flat: Ford (F) sales crept up .1%, while GM dipped 1.8% and Chrysler tumbled 25.5%. At the top of the heap? Nissan (NSANY), which jumped 20.8%, and Hyundai, which surged a staggering 45.9%. The big news for now seems to be that the U.S. economy has stabilized -- which isn't as nice as growth, but if you recall the way everyone felt last November, it's a definite improvement. [DetNews]Complete Story » seekingalpha.com |