| US Airways Group, Inc. Q3 2009 Earnings Call Transcript US Airways Group, Inc. (LCC)Q3 2009 Earnings Call October 22, 2009 1:00 pm ETComplete Story » seekingalpha.com |
Toyota's Reputation Takes a Hit - And So Will the Stock Markos Kaminis (Wall St. Greek) submits: Toyota Motors (TM) could shed another 7% to 15% if you believe this hit to its reputation could bring it down to earth, or to a forward P/E ratio comparable to peers Honda Motors (NYSE: HMC) and Ford (NYSE: F). Toyota Motors said late Wednesday that it was expanding its vehicle recall to include another 1.1 million cars and trucks. This is in addition to the 2.3 million vehicles Toyota recalled last week. The reason for recall is the same across models and years of production, a faulty accelerator pedal that is at risk of sticking. Toyota is now recalling vehicles in the US, Canada and Europe. The additional models and years are:Complete Story » seekingalpha.com |
AAR Profit Down by Half Zacks.com submits: AAR Corp. (AIR) reported discouraging results for the third quarter of fiscal 2010. During the quarter, sales were $309.6 million, down from $338.8 million in the third quarter of fiscal 2009. Net income was $9.9 million or 26 cents, down to almost half of $17.2 million or 43 cents in the year-ago quarter. Reported EPS was below the Zacks Consensus Estimate of 35 cents.Complete Story » seekingalpha.com |
The Best Peak Oil Investments: 9 Mass Transit Stocks Tom Konrad (AltEnergyStocks) submits: Americans are notoriously attached to their cars, but high oil prices in 2007 and 2008 led many to get on a bus or train. According to a 2009 paper Transit Ridership Models: Present Status and Future Needs [pdf] by Grace Galluci and John D Allen, Ph.D. from Chicago's Regional Transportation Authority, current published transit ridership models do not yet incorporate changes in gasoline prices. The authors consider this a serious omission, since, in addition to the obvious intuitive link between gas prices and ridership, they found a strong correlation between gas prices and transit ridership using CRTA ridership data and local gasoline prices. The following chart comes from this paper, and shows ridership following the local gas price (with a slight lag.) Complete Story » seekingalpha.com |
Claymore Airline ETF: Takeoff or Landing? Tom Lydon submits: Airlines are always a pain to deal with. Yet they remain a staple in our traveling plans. That’s why it’s always interesting to see where the airline industry is headed, especially because it’s a cyclical industry. Has the airline ETFs ship come in yet? According to John Crawley of Reuters, travel on major U.S. airlines fell by 1% in July. Typically, July is one of the busiest months, so this data shows that the industry is still trying to find its bearings in the current economy.Complete Story » seekingalpha.com |