TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Chrysler's Lenders: When Banks Have No Reputation Left to Lose Felix Salmon submits: The government wants Chrysler’s bank lenders to take a steep 85% haircut on their debt. The banks have now come back with an aggressive counteroffer, saying they will accept no more than a 35% haircut, and even then they want Fiat to put new money into Chrysler and they want a 40% equity stake for themselves to boot. It doesn’t make a lot of sense that the banks, which are so dependent on Treasury, should be playing such hardball. But it turns out that it’s not the banks who are being particularly tough here, so much as the hedge funds holding bank debt:Complete Story » seekingalpha.com |
U.S. Autos: Those Were the Days Marvin Clark submits:In subsequent years, when Wal-Mart (WMT) Automobile Works sells more cars in America than Ford (F), we shall have forgotten the pain felt in 2009 that the bankruptcies General Motors (GMGMQ.PK)and Chrysler caused. The giant automakers' demise were a common affliction at the turn of the 20th century; 20th century debt servicing overwhelming 21st century balance sheets. The two cash flows were incompatible and destroyed many companies that crossed over into the new millennium without restructuring. Wal-Mart, from the outset of its international ambitions in the later part of the 20th century however, harnessed non-union labor, market share, pricing, and nurtured a strategic relationship with China, the future of global production and consumption, to its fullest advantage.Complete Story » seekingalpha.com |
Euroseas: Time to Buy Is Before Earnings Announcement Andy Wang submits: Euroseas is a Greek-owned shipping company which operates a 16-ship diversified fleet of container, dry cargo, and dry bulk cargo carriers. The company is small and opaque enough to fly under the radar of the market to a great extent. The company's former 32 cent dividend has been pared to 10 cents, giving a respectable 8% yield at today's prices. It is relatively low on long term debt, compared to most other shipping companies, which gives it a lower risk profile.Quoting Zacks in late Sep 08: Complete Story » seekingalpha.com |
International Speedway Corporation Q3 2009 Earnings Call Transcript International Speedway Corporation (ISCA)Q3 2009 Earnings Call October 8, 2009 9:00 am ETComplete Story » seekingalpha.com |
American Airlines Remains Ignorant in Customer Interaction Andy Beal submits: What is it with airlines?If they’re not breaking guitars, their pilots are missing airports, or they’re berating people that are trying to help them.Complete Story » seekingalpha.com |