TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| March Auto Sales: Don't Get Too Optimistic Wall Street Strategies submits:March represented one of the best months for the stock market in a long time. During the month, the Dow Jones Industrial Average, S&P 500, and NASDAQ were up 7.8%, 9.4%, and 12.7%, respectively. To contrast this, the three largest automakers (General Motors (GM), Toyota (TM), and Ford (F)) saw sales during the month decline 44.3%, 36.6%, and 38.3%, respectively. Those types of figures would normally have taken the wind out of any rally attempt, but following the release of the numbers the market surged into the close as most figures surpassed what the Street was expecting.Similar to other recently released economic data, the market is spinning the results into a positive, "it was down, sure, but not as bad as we thought it would be." The problem with that line of thinking is the bar is set so low, it doesn't take much to surpass it. The following table outlines the sales figures, percent change from March 2008, and the change so far in 2009 compared to the first three-months of 2008.Complete Story » seekingalpha.com |
CSX Moved to 'Top Pick' by UBS FP Trading Desk submits: The lingering misconception of mismanagement at CSX Corp. is the only plausible explanation for why the railway is trading at a discount to its peers, according to UBS analyst Rick Paterson.Based on its current valuation, the Jacksonville, Fla.-based railroad trades at 22% price-earnings ratio discount to other top-tier rails. But with stronger pricing power and more room than its peers for margin improvement, Mr. Paterson has a “buy” rating on the stock and a $51 price target.Complete Story » seekingalpha.com |
BMW's Sales Decline Slows: Any Good News Is Welcome! Todd Sullivan submits: Watch this video. This goes directly to the strategy at AutoNation (AN). The luxury auto market was dragged into the recession and will lead the auto market out. The length of time sales spend in it will be dwarfed by domestic and non-premium imports. Just yesterday I wrote about AutoNation's Mercedes push. When I first spoke with CEO Mike Jackson last year, before the credit market imploded, he was stressing his desire to move the company away from domestic and into imports with a special emphasis on premium brands. Complete Story » seekingalpha.com |
The Pep Boys – Manny, Moe & Jack F2Q09 (Qtr End 08/01/09) Earnings Call Transcript The Pep Boys – Manny, Moe & Jack (PBY)F2Q09 Earnings CallSeptember 9, 2009 8:30 am ETComplete Story » seekingalpha.com |
Buffett and Burlington: Betting on Growth Rolfe Winkler, CFA submits: So I thought I’d do a little number crunching on Buffett’s Burlington Northern Santa Fe (BNI) deal. What does that tell us? That Buffett is paying a full price for a business with mediocre returns on capital. That he’s betting on growth, not value. Valuation (based on share prices of $100 for Burlington, $59 for Union Pacific (UNP), and $48 for Norfolk Southern (NSC)):Complete Story » seekingalpha.com |