TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| TAT Technologies: Value Investing Arbitrage? Saj Karsan submits:Occasionally, an investor may believe a stock to be undervalued based on his estimate of the business' underlying value. If his estimate is correct, he should generate excellent returns over the next several years if the stock price converges to the underlying business' value. Sometimes, however, an announced merger transaction will allow this investor to buy this stock at an even cheaper price! Consider TAT Technologies (TATTF), which we've discussed as a potential value play. TATTF already owns 60% of Limco-Piedmont (LIMC), an aircraft maintenance provider with a market cap of $30 million, no debt, and cash of $32 million! TATTF now wants to own the other 40% of Limco-Piedmont, and has offered LIMC shareholders 1 TATTF share for every two LIMC shares.Complete Story » seekingalpha.com |
Baltic Dry Index Now on 23-Day Winning Streak Hickey and Walters (Bespoke) submit: The Baltic Dry Index, which measures global shipping rates, continues to soar back from its low of 663 seen in late 2008. The index is currently on a 23-day winning streak, and at 4,291, it is up 547% from its low. Unfortunately, the Baltic Dry fell 94.7% from its 2008 high, so it still has to rise another 175% to reach new highs. Regardless of the distance from its prior high, the sharp rebound in shipping rates definitely provides ammo for those that argue that the global economy is recovering.click to enlargeComplete Story » seekingalpha.com |
StealthGas: Shipping Your Dollars Away Saj Karsan submits:While a company may appear undervalued on an earnings basis, this does not mean the company has cash to distribute to shareholders. A quick way to help determine if a company has the cash flows needed to pay shareholders is to compare its depreciation expenses with its capital expenditures within the context of its operating income. For StealthGas (GASS), a provider of carriers and tankers for the oil and gas industry, the comparison is as follows:Complete Story » seekingalpha.com |
Asset Reflation Does Not Signal Recovery for U.S.'s Collapsed Economy Gregor Macdonald submits: If all the highly informed people who’ve been waging a war the past six months against rising stock prices would just step back for a moment, they would perhaps understand better that their macro views are supported, not negated, by asset reflation. For it’s this asset reflation that hints at the singular and doomed strategy of our monetary policy, and its overlay on our collapsed economy.Just so that I’m clear: there is no macroeconomic recovery occurring in the United States. What’s unfolding currently is snap-back from last year’s crash, which led us to the bottom of a spider-hole. The positive bits of macro data, dribbling out here and there, are really just about getting us back to zero. A kind of steady-state, expected to carry on for some time to come. And that’s a best-case scenario.Complete Story » seekingalpha.com |
New 747 Freighter Should Boost Boeing's Commercial Segment Zacks.com submits: The Boeing Company (BA) towed the first 747-8 Freighter model out of its factory in Everett. The long-awaited freighter is now being put up for test flights. The 747-8 Freighter is the new high-capacity 747 that will give cargo operators the lowest operating costs and best economics of any freighter airplane while providing enhanced environmental performance. It is 250 feet, 2 inches (76.3 m) long, which is 18 feet and 4 inches (5.6 m) longer than the 747-400 series Freighter. The stretch provides customers with 16% more revenue cargo volume compared to its predecessor. That translates to four additional main-deck pallets and three additional lower-hold pallets.Complete Story » seekingalpha.com |