DryShips Capital Raise & Upgrade (DRYS)
DryShips Inc. (NASDAQ: DRYS) is surging this morning. Last night the company announced that it has completed its $500 million equity offering to boost its balance sheet and to use against debt. The shipping…
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Newest first · Page 56AMR & Southwest Battle For Hindenburg Earnings (LUV, AMR)
Southwest Airlines Co, (NYSE: LUV) is getting to see some selling this morning after its earnings report. Actually, that is after its losses. Southwest is not used to this and you can’t help but…
Finnish Trade Backs Royal Caribbean Cruiseliner Loan (RCL)
If you think it is hard to get a personal unsecured loan right now, imagine the difficulty in getting a loan for a giant cruise liner in the midst of a recession. This morning…
AMR’s Serious Labor Troubles
AMR Corp. (NYSE:AMR) and unions representing pilots, flight attendants and maintenance workers at its American Airlines subsidiary are locked in labor negotiations that are growing increasingly contentious. Shareholders should be extremely worried. As the…
Swearing Off The Habit Of Flying: Boeing (BA) Proves A Poorly Run Company Can Still Do Badly
Many people who fly on airplanes do not like it one bit. Some of these are claustrophobic while others object to the fact that they are not allowed to smoke at 37,000 feet anymore.…
DryShips, Going, Going, Concern (DRYS)
DryShips Inc. (NASDAQ: DRYS) is trading down hard today on a note from the accountants. The company’s auditors have a “going concern” noted in the annual report on the company’s Ocean Rig ASA unit. …
DryShips Earnings Drag the Anchor (DRYS)
DryShips Inc. (NASDAQ: DRYS) posted $0.43 EPS and a 6.6% year over year decline in revenues to $217.9 million. First Call had estimates at $0.66 EPS and $209.6 million in revenues as the consensus…
After Brief Respite, Airline Industry Is Heading Back Down
Last summer, the airline industry looked like it was heading toward another rash of bankruptcies. Fuel costs were at record levels because of $147 oil. The economic slowdown was already reducing passenger loads. Then…
Transportation Stocks Set To Double (CAL, ITWO, KSU, OSG, R)
Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows. This group focuses on the transportation sector with the picks being…
Warren Buffett Keeps Riding the Reading Railroad (BRK-A, BNI)
A new SEC filing shows that Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) has acquired even more shares of Burlington Northern Santa Fe Corp. (NYSE: BNI). As the company’s shares have slid and slid,…
When No One Is Shipping Goods, No One Is Buying Them
One of the largely hidden signs of the progress of the recession is whether goods are being shipped from one city to another and from one country to another. What is not shipped is…
Day Trader Alert: DryShips Drops Anchor (DRYS)
DryShips, Inc. (NASDAQ: DRYS) has been one of the day trader’s dreamboat stocks, and no pun is intended. You can hardly go a day where there is not a $1.00 change in either direction. …
Buffett Adds Burlington Northern Shares Before Earnings (BNI, CSX, BRK-A)
Burlington Northern Santa Fe Corp. (NYSE: BNI) is set to report earnings today, and this comes just a day after competitor CSX Corp. (NYSE: CSX) earnings missed analyst expectations after a resort writedown took…
With Fuel Concerns Receding, Airlines Face Revenue Drop (AMR)(DAL)
The airline industry keeps drawing the short straw. A year ago, the carriers were being pounded by high jet fuel price due to rocketing crude. Now the price of oil is down by 75%,…
Counter-Cycle Upgrades in YRC Worldwide (YRCW)
The business of trucking and transporting goods has not been a stellar for quite some time. In 2007 to 2008, the sector was hurt by escalating gas prices and an inability to pass on…