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Alexander Daly

 
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  • Global Growth Will Propel Boeing 14% Higher [View article]
    The cracks have been discovered on roughly 40 jets, all of which are still in production. Boeing spokesman Doug Alder stated, "We are confident that the condition does not exist in the in-service fleet," and that, "Deliveries continue as normal outside this potentially impacted 40."

    The cracks have been attributed to a change in the manufacturing process by Japanese wing-maker Mitsubishi Heavy Industries. This is a teething issue, common to new aircrafts as they enter active service. Airbus had similar issues, discovering cracks on the brackets attached to the wing ribs of their A380s.

    Deliveries will continue as scheduled, and Boeing will execute plans to deliver 110 Dreamliners this year for approximately $25.5bn in revenue.
    Mar 9, 2014. 11:29 PM | 1 Like Like |Link to Comment
  • Global Growth Will Propel Boeing 14% Higher [View article]
    Skepticism is healthy, thanks for reading.
    Mar 9, 2014. 08:36 PM | 3 Likes Like |Link to Comment
  • Global Growth Will Propel Boeing 14% Higher [View article]
    1. This article was submitted on Friday, March 7th, at approximately 7:00pm Eastern Time, before the flight departed from Kuala Lumpur.

    2. My integrity as an author is of primary importance; my investment decisions are based on fundamental research and analysis.

    3. The Boeing 777-200 is the second safest airliner in service, with one accident per 18 million hours of flying.

    If you have any relevant arguments concerning my analysis, I'd be happy to engage in a meaningful and constructive conversation.
    Mar 9, 2014. 07:58 PM | 5 Likes Like |Link to Comment
  • J.C. Penney's Guidance: Where's The Skepticism? [View article]
    Ted - compelling article, I agree that a healthy dose of skepticism is indeed warranted given how aggressively the Company has been financing its growth with debt, with D/E hovering around 181, and based on a worsening liquidity profile, anemic FCF, and mid single-digit comps.

    You make an excellent point, that store closures will drive up comps, "benefiting same store growth at the expense of overall revenue growth." Even if strategic initiatives do yield the improvements to gross margins necessary for maintaining liquidity, it is still an uphill battle to profitability. Penny's lack of guidance for overall revenue growth, FCF burn rate, and overall trend away from creating value firmly root me on the side of the skeptics.
    Mar 9, 2014. 05:17 PM | 1 Like Like |Link to Comment
  • Boeing: Flying Below Fair Value [View article]
    Well said, Snapcap.
    Aug 23, 2013. 10:41 AM | Likes Like |Link to Comment
  • Joy Global, Best In Industry With A Significant Upside [View article]
    bleepingjelly - analyst is fully invested at this time. After the 72 hour disclosure period expires, I'm a buyer of JOY calls.
    Aug 23, 2013. 10:31 AM | Likes Like |Link to Comment
  • Joy Global, Best In Industry With A Significant Upside [View article]
    Brandond - in that China significantly impacts JOY price movement, as you mention, you may find it beneficial to further sophisticate your forecast by tracking the performance of Chinese industrials (CHII) and Chinese large-caps (FXI). Rather than "looking for" a rebound over the next year, you can pinpoint an optimal entry point, and increase your rate of return.
    Aug 23, 2013. 09:25 AM | Likes Like |Link to Comment
  • Joy Global, Best In Industry With A Significant Upside [View article]
    Wil - I'm not sure I understand your comment, could you be more specific? Caterpillar is clearly covered in this article, see above.
    Aug 23, 2013. 09:02 AM | Likes Like |Link to Comment
  • Deere & Company: Poised For 15% Breakout [View article]
    Burt, three excellent points.

    I find it especially interesting that on the AEM US unit retail sales graph, provided under your 2nd point, total farm tractor sales increased 8.6% from June '12 - June '13. In the same period of time, Deere stock gained 0.47%, closing the month of June '12 at $80.88, and closing the month of June '13 at $81.25. I would argue that these figures suggest Deere stock is undervalued, relative to sales growth.
    Jul 26, 2013. 03:39 PM | 3 Likes Like |Link to Comment
  • Caterpillar (CAT -2.2%) tumbles as Jim Chanos - presenting at Delivering Alpha - discloses he's short. The commodity supercycle - spurred mostly by China (and we know his feelings about that country) - is coming to an end, says Chanos, and along with it is the soaring mining capex which has benefitted CAT. [View news story]
    Playing Jim's short as pair trade leverage, I'm long $DE.
    Jul 17, 2013. 01:23 PM | Likes Like |Link to Comment
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