TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| UAL Earnings Give a Boost to Airline ETF Michael Johnston submits:Chicago-based UAL Corp. (UAUA), parent of United Airlines, gave a mix of good and bad news in its earnings report on Tuesday. The company narrowed its third quarter loss to $57 million, a significant improvement from the nearly $800 million loss incurred in the same period last year, but a loss nevertheless. In what is becoming a recurring pattern of this earnings season, United attributed the improvement to cost cutting measures, as opposed to stronger revenues. United noted some early signs of an uptick in air traffic, but said pricing needs to firm and business travel needs to return before it can participate in a recovery. The struggles of the airline industry over the last twenty years have been well-documented. Multiple bailouts and several close calls with bankruptcy have scared many investors away from this sector completely. Even in a recovery, it appears that airline will lag the rest of the economy. American (AMR), Delta (DAL), Continental (CAL), and US Airways are all expected to report losses in the third quarter this week.Complete Story » seekingalpha.com |
Southwest Airlines Q4 2009 Earnings Call Transcript Southwest Airlines (LUV)Q4 2009 Earnings Call January 21, 2010 11:30 am ETComplete Story » seekingalpha.com |
Hedge Fund Plural Investments Likes Railroads and Healthcare Market Folly submits:(This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.)This is the first we've covered Matthew Grossman's hedge fund Plural Investments so here's some background. Grossman founded Plural Investments in 2008 with $900 million after previously serving as the Chief Investment Officer of CR Intrinsic (of Steven Cohen's SAC Capital). Prior to that, Grossman was an energy analyst with Julian Robertson's Tiger Management. Needless to say, he has quite the resume when it comes to prominent fund managers.Complete Story » seekingalpha.com |
Tesla Prices IPO at $17 Per Share TechCrunch submits: By Leena RaoElectric car manufacturer Tesla is pricing its IPO at $17 per share, according to a release issued yesterday evening. We just wrote Monday that one day before its scheduled IPO, Tesla Motors increased the allotment of shares that will be sold to the public from 11.1 million to 13.3 million, according to an amendment to its S1 filing.Complete Story » seekingalpha.com |
Investor Insanity Regarding the Coming General Motors IPO Paul Price submits: Has anyone else noticed that the questions floating around everywhere about the interest (or lack of) in the upcoming IPO don’t cover the most important item about it?What are they selling and at what price point?Complete Story » seekingalpha.com |