Ramani Exchange

Shipping Surges on Little News: Dow Theory in Action?

I agree with Shipping Guru, BDI has started to rebound from the drop its been in. Dont know why none of the shippers really moved positive today, even with the BDI up triple digits and oil making a slight push higher.

Why is the Market Ignoring American Express's Bad Report?

whoa whoa whoa, whys everyone raggin on this guy? sure he doesnt give an underlying thesis, but he gives solid facts, and states a lot of trends.

to all the chart lovers telling us to look at the charts, and maintain that the trend is our friend, i say this. the trend has been the friend of 99% of all stocks out there, not just AXP. if AXP were performing like this with a stagnant S&P, you may have a case for following the charts.

Instead of following the trend of the chart, how about we look at the trends outlined by the author, namely the continuing rise in delinquencies and customer purhases.

For the comment about expecting AXP to earn 3.00 in EPS. that seems to be way too much of a stretch. For that to occur, you must assume that consumer spending will once again rise to levels seen during the housing boom. Is that likely? No.

To have that kind of earnings power, AXP will have to venture out into the territory which is causing it problems now, namely the lower income spender. Although i feel AXP trading at around 10 was a bit extreme, AXP trading above 20 is just as extreme, and I have initiated a short position today at a price of 24.5. GL.

Jefferies Group, Inc. Q1 2009 Earnings Call Transcript

gotta be the worst transcription job of all time

UAL's Hedge Book Disaster

Harvey, Gutowski isnt the one running UAUA, the executives at UAUA are. Their profession is to understand the economics behind their hedging strategies. The fact that they had no idea that a global slowdown was evident, when hundreds of bloggers have been calling it snce 2007, shows how incompetent UAUA is. Whatever price they hedged at, theyre not saying, and that doesnt bode well for their future prospects.

Throw in the fact that bookings are going down, and UAUA's enormous debt load, and UAUA is headed towards some more pain.

Good News For Dry Bulk Shipping

Bilf: You mentioned that higher oil will hurt the shipping companies. I am not entirely sure this is the case. As the price of oil has risen, coal has fast become a favorite substitute. If there is more switching out of oil and into coal, this will benefit the shipping industry as many of these dry bulkers transport coal.