TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Corporate Bully of the Day: Hertz Felix Salmon submits: Good on Audit Integrity for fighting back against the blatant bullying being perpetrated on it by Hertz (HTZ). A brief history is in order: on September 16, Audit Integrity released a report, based on new and proprietary analysis, listing 20 large public companies with the highest probability of declaring bankruptcy in the next twelve months. One of those companies was Hertz, which, in its latest 10-K, has a 23 pages of risk factors, including these:Complete Story » seekingalpha.com |
Security Investigation Begins at Newark Airport Officials were trying to determine on Monday how a man who walked through the wrong door on Sunday turned a busy airport terminal into a human traffic jam. travel.nytimes.com |
Paragon Shipping Income Statement Analysis for December 2009 Quarter Neil Carvin submits: Paragon Shipping, Inc., (NASDAQ: PRGN) earned $0.26 per share, on a GAAP basis, in the fourth quarter of 2009, which ended on 31 December 2009. When compared to the fourth quarter of 2008, Net Income increased by 27.6 percent, and the weighted average number of diluted Class A shares grew by 75.9 percent. As a result, GAAP earnings per share fell close to 30 percent.Non-GAAP Adjusted Net Income, which excludes certain non-cash items, fell 38.9 percent and Adjusted EPS slid 67.3 percent.Complete Story » seekingalpha.com |
Three Reasons to Cast Back on Seanergy Wide Moat Investing submits: Over the last few months, many have asked for an update to our previous analysis of Seanergy Maritime (SHIP). Since January, much has changed. Seanergy did follow through on its planned capital raise, which brought in $30m, but executed at a much worse price (about 1.2 per share) than we expected. A few days later, their plans to acquire a 2009 Capesize vessel were nixed. Though in May, Seanergy announced its new plans to acquire a 51% ownership interest in Maritime Capital Shipping Limited, of Bermuda (“MCS”) for a purchase price of $33m. Last week Seanergy announced that the MCS deal had closed. And the following day, they reported Q1 results. In light of these changed conditions, anglers want to know—would you still “throw it back” at these prices? Frankly, I would.Complete Story » seekingalpha.com |
Dollar Thrifty Automotive Group, Inc. Q2 2010 Earnings Call Transcript Dollar Thrifty Automotive Group, Inc. (DTG)Q2 2010 Earnings Call TranscriptAugust 3, 2010 9:00 am ETComplete Story » seekingalpha.com |