TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Twin Disc's Looming Obligations Threaten Investor Returns Saj Karsan submits:Twin Disc (TWIN) is a company we discussed a few months ago as an example of a value investment where patient investors were rewarded: in the last 2.5 months, the shares are up by about 2.5 times. As a result of its recent price run-up, however, the company no longer appears to offer investors a generous margin of safety. In fact, it may be just the opposite; the company has a looming pair of obligations that are a material threat to investor returns - its pension and post-retirement requirements. When reading through a company's financial statements, one of the items investors should look for is the status of the pension plan, if applicable. As Twin Disc recently disclosed in its annual report, the difference between its pension plan assets, and its pension and post-retirement obligations is about $60 million, up from $34 million last year. (For a company with a market cap of just $160 million, this $60 million obligation is indeed significant).Complete Story » seekingalpha.com |
Japan Says NO to American Cars in Its Subsidy Program Andrew Horowitz submits: Here is one more piece of piece of evidence that we are seeing countries break from their promise as they pursue domestic economic agendas. Of course it is okay for a country to help out their own, but this is a blatant foul. Someone should call a penalty on Japan for this move. There is no doubt, this is protectionism at its best (worst). Now we will need to keep on the watch as to what the U.S. response will be.Complete Story » seekingalpha.com |
Will Dimitrios Biller Spell Doomsday for Toyota? Toyota (TM) is currently fighting for its brand. Will it soon be fighting for its very life? Who may hold the key to Toyota’s future? Let’s meet Dimitrios Biller.Complete Story » seekingalpha.com |
GM's Bid to Re-Enter Finance Market: Have We Learned Nothing? Robert Salomon submits: Rob Cox and Rolfe Winkler penned an opinion piece in which they argue that GM (MTLQQ.PK) ought not re-enter the finance business (see Perils of Finance for Carmaker). They are absolutely right!The carmaker [GM]…is weighing a return to the finance business, possibly by acquiring its former unit, GMAC. Such recidivism is troubling on many levels.Complete Story » seekingalpha.com |
Progress Report: Tata Motors and JLR Robert Salomon submits: For those of you who read my blog, you know that I’ve had an interest in Tata’s (TTM) acquisition of Jaguar and Rover. When it was announced, I failed to see the value proposition in the combination of Tata and JLR, and I remain somewhat skeptical of JLR’s ability to provide value to Tata. Irrespective of my opinion, it was with great interest that I read this week’s Economist, which contained an article on Tata’s progress with those previously beleaguered brands:Complete Story » seekingalpha.com |