TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Defense Sector: 10th Year of Outperformance? Scott Sacknoff (SPADE Investor) submits: The following is the author's commentary that appears in the September 2009 issue of "The SPADE Investor". The Chase for Ten Historically, aerospace and defense cycles can run 12-15 years. And for nine years running, the SPADE Defense Index has outperformed the broader markets. Even after huge gains by financial stocks since the March market bottom, defense stocks trailed the S&P 500 by just 3.5%at the end of August but have been making up ground lately.Complete Story » seekingalpha.com |
Nordic American Tanker: A Ship that Won't Sink David Zanoni submits:Back in April 2009, I became interested in Nordic American Tanker Shipping LTD. (NAT) due to their potential to ship and store crude oil on their tankers. One main factor that caught my eye was their dividend that previously yielded over 10%. That was a factor that didn't last, however, since they lowered the divy to .40 a share. Although I was disappointed that the hefty dividend of over $1 per share wouldn't last, I knew in the back of my mind that it was eventually going to be lowered. The reason why I wasn't alarmed by the lowering of the dividend was because I knew this small cap company of 1.13 billion in market cap was just realigning its funds for growth. By keeping more of their cash, NAT will be better positioned to add more tankers to their fleet and maintain the existing ones.With zero debt and 88 million in cash on their balance sheet, NAT is in a good position to benefit from the contango in the oil market. In the current environment, the oil futures prices are continually higher than the spot price (or closest available expiration month). Therefore, investors who are able to buy the physical crude at the current spot price of $71 and store it until Jan 2011's price of $83 can make a nice 17% profit by buying the crude now and storing it for a year. NAT will benefit from this situation as investors look to tankers to store the oil inventory. The increased demand for tanker storage will result in higher storage prices and higher revenue for the tanker companies. So, those of us who cannot afford to take delivery of the physical crude would still be able to benefit by buying a tanker company such as Nordic.Complete Story » seekingalpha.com |
Daimler to Raise Stake in Kamaz Zacks.com submits: Daimler AG (DAI - Analyst Report) plans to increase its stake in Russian truck manufacturer OAO Kamaz from 10% to 15%. The automaker is in negotiation with European Bank for Reconstruction and Development [EBRD] to jointly acquire the additional 5% stake in the truck maker. Initially, Daimler will increase its holding in Kamaz by one percent to 11%, while the remaining 4% would be bought by EBRD. In late 2008, the Daimler Truck division bought a 10% stake in the leading truck company of Russia (with a market share of about 30%) for $300 million. The acquisition was part of a strategic cooperation agreement that brought together Daimler, Kamaz and the two of latter’s shareholders -- the state-owned conglomerate Russian Technologies (includes aircraft, defense and car manufacturing holdings) and Moscow-based investment bank Troika Dialog.Complete Story » seekingalpha.com |
GM Wants More Sub-Prime Buyers Kid Dynamite submits: Last week I linked to a story about how GM (MTLQQ.PK) wanted to get back into the financing business. Yesterday's AP headline had me tilting my head and raising my eyebrows in surprise:"GM Wants More Subprime Buyers" GM's top North American executive Mark Reuss, under pressure to quickly sell more cars and boost GM's value as it gets ready to sell stock to the public, said a shortage of subprime lending is holding back sales in the U.S.But the automaker's main lender, Ally Financial Inc., has little appetite for risky loans, having spent the last few years cleaning up its own financial mess caused mainly by its failing mortgage lending business. Both companies are majority-owned by the U.S. government.Complete Story » seekingalpha.com |
Ford: Reasons to Go Long Wall Street Cheat Sheet submits: by David GibbsEarnings: Q2 profits, excluding items, of $0.68 vs. consensus estimates of $0.40.Complete Story » seekingalpha.com |