TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Hexcel Corporation Q3 2009 Earnings Call Transcript Hexcel Corporation (HXL)Q3 2009 Earnings CallOctober 27, 2009 10:00 am ETComplete Story » seekingalpha.com |
United Technologies Offers Wide Moat, Steady Growth Dividends4Life submits: Linked here is a detailed quantitative analysis of United Technologies Corp. (UTX). Below are some highlights from the above linked analysis: Company Description: United Technologies Corp. is an aerospace-industrial conglomerate with a portfolio including Pratt & Whitney jet engines, Sikorsky helicopters, Otis elevators and Carrier air conditioners, among other products. Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:Complete Story » seekingalpha.com |
HARPEX Index Jumps Dramatically We would like to draw your attention to the HARPEX Index. This is an index of global containerized freight. Most are familiar with the Baltic Dry Index, which measures of the cost of hiring Dry Bulk Ships. The BDI is often described as a 'leading' indicator of economic activity; it's offered as evidence that global manufacturers are re-stocking on material inventories.Complete Story » seekingalpha.com |
Power Line Accident Prompts Evacuation and Subway Halt Electrical explosions blew manhole covers into the air, disrupted subway service, and caused about 180 residences in Brooklyn Heights to be evacuated because of high carbon monoxide readings. nytimes.com |
Auto Sales Stall as Economy Waffles Trader Mark submits:Housing and auto sales, the two cyclical industries that most directly affect the U.S. economy and are the largest consumption decisions in day to day life, have rebounded off the worst levels of 2008 and early 2009 when most Americans were in a cocooned-like state. Yet despite record mortgage rates and affordability in housing, and the return of cheap financing and rebates in the auto market we are not seeing much in terms of momentum. Yet another sign of the 'square root recovery'. Put another way, we appear to be stuck at 'green shoot' levels with little follow through or acceleration upward. I continue to believe the analyst community, centered in NYC, does not understand how much of consumer spending the past half decade+ was driven by the house ATM in America... with people reliant on savings/wages to consumer, rather than easy credit and the magic of house appreciation, do not expect any major recovery for many years. Due to this lack of savings across the majority of America, the terms of loans in the auto market were reaching 'ridiculous' as we highlighted (to deaf ears at the time) [Sep 17, 2007: Is a 10 Year Car Mortgage Far Off?] Feb 13, 2008: Car Loans Being Stretched to 7 Years] Specific to the auto sector, is is generally thought that roughly 12M in annual sales is necessary simply to replace old stock as cars go kaput, so seeing annual run rates sub 12M this deep into the 'recovery' is telling. (at peak of the house ATM, credit bubble auto sales were in excess of 16M, and they dropped below 10M at the worst 2 years ago) On the positive side, as speculators, we can be happy that the workforces in the industry have been slashed and burned to the point companies are profitable at even 11M annual sales; so if there is even a recovery to 13-14M in sales (whatever year that may be), profits should be prodigious.Complete Story » seekingalpha.com |