TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| Will Bondholders Reject GM's Offer? Rolfe Winkler, CFA submits: This morning [[GM]] made an exchange offer to reduce its debt load. To avoid a bankruptcy filing, it said 90% of the company’s unsecured bondholders (measured by the principal value of their holdings) would have to accept stock in exchange for their bonds. But if an “ad hoc committee” of GM bondholders has anything to say about it, the plan appears dead-on-arrival. Bloomberg: General Motors Corp. bondholders find the automaker’s offer to exchange their $27 billion in debt for equity unreasonable and said they should be treated more equitably with labor unions.Complete Story » seekingalpha.com |
FedEx CEO Calls Bottom and Slashes Guidance Ockham Research submits: “They’ve seen some improvement in some segments and freight volume is obviously weak and trying to balance out cutting back salaries and workers with the overall global economic recovery to very difficult things for the the outlook for FedEx gloomy.” Fox Business Network 6/17/2009 Complete Story » seekingalpha.com |
Allegiant Travel: Not Your Typical Airline Stock Alan Brochstein, CFA submits: It took me quite some time to warm up to Allegiant Travel (ALGT) (43.71, $874mm market cap), the Las Vegas-based airline operator and provider of other travel services. After all, I practically preach that the consumer of tomorrow won't be spending anything like the consumer of the past. Leisure travel is one of those areas that will likely struggle in the scenario I envision. Nevertheless, I see ALGT as poised to do very well whether the consumer retrenches or returns. Another reason I was slow to embrace the story is that it operates an airline. While I have had a long-term respect and appreciation for Southwest Airlines (LUV), I view the airline industry as perhaps even worse than the auto industry. For me to buy into an airline story, it has to be unique. Having read public filings and other company information, listened to conference calls and crunched a few numbers, I find that this is not your typical airline.Complete Story » seekingalpha.com |
UAL Corporation Q3 2009 (Qtr End 9/30/09) Earnings Call Transcript UAL Corporation (UAUA)Q3 2009 Earnings CallOctober 20, 2009 2:00 pm ETComplete Story » seekingalpha.com |
Why Overseas Shipholding (And You) Should Buy DHT Maritime Benjamin Mackovak submits:Sifting through the beaten and the unknown is where investors are most likely to find the greatest pricing inefficiencies and resulting alpha opportunities in the stock market. The pricing inefficiencies that I look for are unique situations where the stock market is essentially selling a $5 dollar bill for four bucks. These opportunities can arise for many different reasons such as investor apathy, liquidity-driven selling, information asymmetries, corporate mismanagement, etc. These opportunities are uncommon and require a lot of work to properly identify (most cheap stocks are cheap for a good reason) but ultimately should lead to outsized gains over time. One such opportunity that I see in the market right now is DHT Maritime (DHT).Complete Story » seekingalpha.com |