| BE Aerospace, Inc. Q3 2009 Earnings Call Transcript BE Aerospace, Inc. (BEAV)Q3 2009 Earnings Call TranscriptOctober 27, 2009 9:00 am ETComplete Story » seekingalpha.com |
Global Ship Lease: Screaming Buy or Screaming Downside Risk? Saj Karsan submits:Revenue certainty is a good thing. We've discussed a few examples where stocks appear undervalued and where investors can rest easy because companies have backlogs or have signed contracts that provide some assurances. Such revenue certainty allows companies visibility into the future, which translates into an ability to set their costs such that a profit will be made. But investors must take care to ascertain whether the agreements will indeed be honoured.Consider Global Ship Lease (GSL), a lessor of container ships. The company leased away its fleet of ships in 2007 and 2008 over long-term periods, locking in future revenue rates. As a result, despite the fact that the shipping industry has been hit hard and shipping rates have fallen industry-wide, GSL continues to turn in profits. This should continue, as no leases are set to expire until December of 2012, and even then only 2 of the company's 16 ships will need new contracts. The following chart illustrates how long the company's ships have been leased out for at guaranteed rates:Complete Story » seekingalpha.com |
Toyota Suspends European Production for 'At Least' 12 Days Zacks.com submits: Toyota Motor (TM) has decided to halt production at its facilities in France and the U.K. for at least 12 days in order to cope with the weakening demand for its vehicles. Production at its U.K. facility has been already suspended since yesterday until Thursday and will be arrested again from April 6 to 9. Meanwhile, production at its facility in France will be halted during April 6–9 and in late April. The latest string of recalls has besmirched the reputation of the automaker, resulting in a lower demand for its vehicles. In February, the automaker’s sales fell 9% to 100,027 vehicles. According to Autodata Corp., the automaker’s U.S. market share fell to 12.8%, the lowest since July 2005.Complete Story » seekingalpha.com |
More Cross Currents: Rails, Claims, PPI, and Treasury Yields Symmetry Capital Mgmt submits: Volatile cross-currents continue, and yesterday's data pulls us a little bit closer to the bearish camp. There's simply no way we return to something approximating "normal" without continuing and concerted federal stimulus (quality would be nice too). That said, we note that some smarter folks than us, like Warren Mosler, are more sanguine. We just think that demographic trends are going to prevent past and current stimulus from igniting much of a rally in private sector credit growth (more on that in an upcoming article). RAILSComplete Story » seekingalpha.com |
Weekly Rail Volume on the Rise Mark J. Perry submits: (Click to enlarge)WASHINGTON , D.C. – Sept. 9, 2010 – "The Association of American Railroads today reported weekly rail carload volume set a new 2010 record for the second consecutive week. U.S. railroads originated 305,000 carloads during the week ending Sept. 4, 2010, up 6.9 percent compared with the same week in 2009, and at comparable levels to the same week in 2008 (see charts above). The 2008 comparison week included the Labor Day holiday while the corresponding weeks in both 2010 and 2009 did not. In order to offer a complete picture of the progress in rail traffic, AAR reports 2010 weekly rail traffic with comparison weeks in both 2009 and 2008.Complete Story » seekingalpha.com |