An excerpt from “Coal in Your Stocking: Hypocrisy, Senility or Common Sense?” At lunch last week with former colleague and Wall Street writer/editor Bill Johnsen, the topic du jour was Warren Buffett’s Berkshire Hathaway (BRK.A) purchase of Burlington Northern Santa Fe (BNI). Bill wanted to know if I thought the acquisition was an act of […]
Archive:
Company Specific
Tomorrow I will be publishing an interesting piece on TheStreet.com’s Real Money section titled “Coal in your stocking: hypocrisy, senility, or common sense?” The piece discusses Mr. Buffett’s recent acquisition of BNSF, and highlights his indirect bet on coal. The piece also highlights some trading ideas in the coal and railroad sectors that you may […]
This is a very short global macro overview of today’s markets. I do not recommend any of the trades mentioned in this report, but hope they help reinforce your own view or help you generate some news ideas. Monetary policy around the globe remains easy, providing ample liquidity and room for credit growth. Additionally, fiscal […]
*Real Time Notes, Updated Frequently Today I am attending the second day of Dahlman Rose & Co’s Global Transportation Conference, and will be speaking with and listening to presentations from several trucking company executives from companies including: Werner Enterprises, Inc. (NASDAQ: WERN), Con-Way, Inc. (NYSE: CNW), Arkansas Best Corporation (NASDAQ: ABFS), Celadon Group Inc. (NASDAQ: […]
*Real Time Notes Updated Frequently BNSF: Thomas Hund, Executive VP & CFO I am currently attending this conference and will be doing some random live updates throughout the day. I am currently listening to a presentation by BNSF’s Thomas N. Hund, Executive Vice President & Chief Financial Officer. He is presently discussing the important of […]
I thought I would point out, after my Chinese beer market piece, that Tsingtao today announced a 68% rise in 1H09 profits, backed by a 12.9% increase in volumes. This helps support my argument that Tsingtao is very well positioned to take advantage of significant unrealized potential within the Chinese beer market. Tsingtao’s leading foreign […]
Kicking of the 2Q09 earnings season Alcoa (AA) reported a loss yesterday of US$0.26/share compared to analysts’ average estimate of US$0.38/share. The company accredited the better than expected result to workforce reductions and production cuts. CEO Klaus Kleinfeld said in a statement, “Alcoa has the staying power and reduced cost base to withstand the most […]
Overview: Chinese Mengniu Dairy: China’s Mengniu dairy was founded in 1999 by a group of seasoned dairy market professionals previously employed by the state-owned Yili Dairy. Mengniu began trading on the Hong Kong Stock Exchange in June 2004. Our DCF based price target is currently HKD26.16: Given Mengniu’s historically strong growth, its ability to generate […]
China’s robust economic growth has led to significant increases in wealth, which has ultimately led to a shift in consumer preferences. This shift has been especially realized in the food and beverage industry. Chinese caloric intake has increased substantially over the past decade, and will continue to climb likely doubling over the next decade. The […]
As an additional follow-up to my ADR series, I am going to take a look at the Chinese and Hong Kong healthcare sector. There are 6 key Chinese and Hong Kong ADRs within the GICS healthcare sector: Mindray Medical International (MR), Chine Medical Technologies (CMED), Wuxi PharmaTech (WX), Simcere Pharmaceutical (SCR), 3SBio (SSRX), and Tongjitang […]