| AAR Corp. Reports Weak Results on Soft Commercial Demand Zacks.com submits: Wednesday, after market closed, AAR Corporation (AIR - Analyst Report) posted discouraging results for the first quarter of FY2010 results. Revenue was $341.5 million, down from $359.9 million in the year ago quarter. Net income of $10.2 million was also down from $15.0 million in the second quarter of FY2009. Earnings were 27 cents down from 39 cents during the same period of FY2009. However, it was above the Zacks Consensus Estimate of 25 cents. Complete Story » seekingalpha.com |
Jim Chanos Bets Against China Market Folly submits:Jim Chanos, the noted short-seller and manager of hedge fund Kynikos Associates was recently interviewed and provided some insight as to what he is shorting. We see that he has taken aim at automakers as he is short the manufacturers and said he would not want to be long Ford (F) or Fiat (FIATY.PK). While it seems he is talking about the equity here, we found this interesting as many hedge funds have been long the debt side of the automotive industry as bonds in GMAC, Ford Motor Credit Corp, and Ford had previously been scooped up by prominent hedge funds.Interestingly enough, Chanos is also betting against China and is doing so by betting against copper, iron ore, and various other commodities used in China's expansion. Take note though, that he does not include gold in this list of commodities to short since people typically don't create buildings out of gold. He says that he is just now putting on these shorts and he may be early but he sees many opportunities there.Complete Story » seekingalpha.com |
Stoneridge, Inc. Q4 2009 Earnings Call Transcript Stoneridge, Inc. (SRI)Q4 2009 Earnings CallComplete Story » seekingalpha.com |
It’s Vacation Season: Some ETFs to Lay Back With Tom Lydon submits: Traveling abroad used to be the choice for many people taking a well-earned vacation, but in this economy, things have changed. Nevertheless, the leisure industry is slowly taking on more vacationers and the leisure related ETF is reflecting the improvements in the industry.According to a recent survey of travel agents, the top 10 destinations for American travelers this year are all in the United States, writes Carl Kopp for Minyanville. Top destinations include Orlando, Las Vegas and other big cities that offer plenty to do.Complete Story » seekingalpha.com |
Smooth Sailing Ahead for Seaspan and Global Ship Lease At JB Capital Management we invest with the objective of realizing superior medium to long-term returns by investing in companies that at their current prices offer attractive returns when considering their inherent risks. We therefore don’t attempt to beat the market on a short-term basis or even on a long-term basis but rather to generate a satisfactory income for our investors just like any other business. In line with above, two of our top long investments are in the container ship long-term chartering companies Seaspan (SSW) and Global Ship Lease (GSL). In this note we will focus on SSW but the conclusions for both are very similar. Complete Story » seekingalpha.com |