TOP 100 TRANSPORTATION AND LOGISTICS SITES
| |||
|
| |||
| |||
|
| |||
| GM Execs Fill Up on the Taxpayer's Dime Tech Confidential submits: General Motors Corp.'s (NYSE:GM) near implosion has been partly a result of its slowness to make fuel-efficient cars. Could the slowness to adapt to the market's demand for fuel-efficient autos be blamed on some 8,000 GM executives receiving free gas?National Public Radio says that GM doles out around $12 million a year in free gas for its white-collar workforce. With GM receiving $13 billion in government bailout money and likely asking for more, is this bonus of sorts excessive? Should it go the way of the Hummer?Complete Story » seekingalpha.com |
TALF Funding Harley Purchases, High-Interest Credit Cards Tom Lindmark submits:Missed this until this evening. It’s from the Saturday WSJ.It seems that TALF is providing financing for some securitizations that are a bit out on the curve. Lately they’ve been involved with a $500 million deal for Harley Davidson and a $709 million one for Alliance Data Systems. Now this isn’t to knock either Harley or Alliance but the underlying loans leave a bit to be desired.Complete Story » seekingalpha.com |
Lear Corp: Another Automotive Supplier Set to File for Bankruptcy? Tyler Durden submits: Look at the chart below (click to enlarge) and memorize it well. The fate of countless other high beta, uber-garbage stocks that are lately flying like crazy, schizophrenic Hindenburgs will soon follow in the same pattern. In this particular case: Lear (LEA) - the nth autosupplier which according to the WSJ is about to file for bankruptcy. The drop from $2.50 to $0.50 in two weeks should be considered all too carefully by all who listen to Cramer and the "buy stocks so [[GE]] can go up and pay us our salary for one more year at least" brigade. If you bought Lear at the peak in the last month, congrats: you have lost 75% of your investment. If nothing else, this simply demonstrates that no matter how hard Goldman (GS) or JP Morgan (JPM) or whoever buys futures and tries to fool investors into a false sense of confidence, fundamentals always catch up with you...and these days it is sooner, not later.Complete Story » seekingalpha.com |
Magma Design Automation, Inc. F1Q10 (Qtr End 08/02/09) Earnings Call Transcript Magma Design Automation, Inc. (LAVA)F1Q10 Earnings CallAugust 27, 2009 5:00 pm ETComplete Story » seekingalpha.com |
Korean Automakers Profit from Cash for Clunkers Research Recap submits: Cash for Clunkers a Trojan Horse for Lesser Known Brands Korea’s Hyundai (HYMLF.PK) and its sibling Kia Motors recently reported strong results, driven in part by the US cash for clunkers and other car scrappage schemes. Hyundai reported record profits on Oct 22, while Kia said Friday it swung to a third-quarter profit from losses in the year-earlier period, earning rating upgrades from Credit Suisse to neutral from underperform, and from Macquarie Research to outperform from underperform.Complete Story » seekingalpha.com |