TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Profile of Berkshire Acquisition Target Burlington Northern The Manual of Ideas submits:This morning, Berkshire Hathaway (BRK.A) announced the acquisition of railroad Burlington Northern Santa Fe (BNI) for a transaction value of $44 billion and an equity value of $100 per share in cash and stock. Read the public announcement (pdf) and coverage by Bloomberg and Reuters.Profile of Burlington Northern Santa Fe (BNI)Complete Story » seekingalpha.com |
Shipping: The World's Cheapest Sector Is About to Break Out Thomas MacLeod submits:We have been following the shipping sector for some time now and we cannot help but notice the bullish build-up in a number of shipping stocks. Perhaps the smart money has woken up to the extremely cheap valuations of shipping stocks and the strong bottom formation in many counters. Members of the ETF SEA hardly appear to have demanding valuations with the average p/book of 0.95, p/sales 0.82, p/cashflow of 5.40, and dividend yield of 6.84%. Many analysts have noted the poor earnings outlook for shippers and the excess capacity that exists. We would urge you to note that the excess capacity may well disappear a lot sooner than the crowd expects given the dramatic improvement in scrap steel prices. When scrap steel prices are low (during depressed economic conditions), ships tend to be laid up rather than scrapped, which gives a perception of a capacity “overhang”. Be that as it may, the ETF SEA has been locked in a rather tight trading range since late May last year. There has been ample time for the bears to take shipping stocks lower but for whatever reason they seem unable to do so in light of some of the worst trading conditions for shipping companies in modern history. Furthermore, the trading range has been gradually getting tighter with a series of higher lows. This suggests that the next big move will likely be to the upside and given that the trading range is some 7 months old, the breakout is likely to be rather dramatic!Click to enlargeDisclosure: Long SEAComplete Story » seekingalpha.com |
Why Is Korea Interested in Extracting Lithium? Juan Carlos Zuleta submits:As recently reported by the Financial Times, South Korea's intention to commercially extract lithium from seawater by 2015 only underscores the increasing intensity of the lithium rush in the global lithium-ion battery industry. That Korea is interested in investing in alternative sources of lithium should not surprise anyone at all. As is well known, LG (LGERF.PK), one of Korea´s largest companies, is known to possess one of the most competitive Li-ion battery technologies in the world which will be carried by General Motors´ Volt to be launched later this year. There is though another recent event that signals the Korean interest. It has to do with Hyundai´s (HYMLF.PK) announcement that by the end of the year it will launch the first hybrid car with Li-polymer batteries. Note that Hyundai is nowadays the world´s fourth largest automaker. Complete Story » seekingalpha.com |
Peak Oil Investments I'm Putting My Money On: Smart Transportation Tom Konrad (AltEnergyStocks) submits: Congestion and Peak Oil In late 2005 Houston was evacuated as hurricane Rita approached. The memory of Hurricane Katrina was still fresh in everyone's mind, and Houston, also called the Oil Capital of the World, is extremely car-dependent. 100-mile traffic jams quickly formed on all the major routes out of the city. Many people were stranded as their cars ran out of gas from driving for hours just to go a few miles. In the end, the evacuation turned out to be unnecessary as Rita turned and missed the city.Complete Story » seekingalpha.com |
Electric Cars: Dream or Nightmare for the Auto Industry? Investment U submits: By Tony D’AltorioInvestors often get excited over new technologies. Sometimes they have a reason to and sometimes not so much.Complete Story » seekingalpha.com |