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Notable Bankruptcies Of 2009: Q3

Mon, 05 Oct 2009 13:01:00 GMT

Notable Bankruptcies Of 2009: Q2

Thu, 02 Jul 2009 16:29:00 GMT

In January I predicted (see Notable Bankruptcies of 2009: Q1) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009. According to Bankruptcydata.com, there have been 156 “major” filings thus far in 2009. Assuming that bankruptcies are equally distributed throughout the year, this puts us on pace for 312 bankruptcies. That is tracking well shy of my prediction. In fact, bankruptcies were down significantly from Q1 to Q2, as there were 90 bankruptcies in the first quarter but only 66 in the second. That stylized fact begs the question: Is that a “green shoot”[More...]

More Pain For Auto Suppliers

Tue, 17 Mar 2009 15:57:00 GMT

The spillover from D-3's empty wallets is beginning to really hurt domestic auto suppliers. First, Ford spinoff Visteon, which last week barely made a $16 million bond interest payment, last night joined Lear (which Carl Icahn tried to acquire unsuccesfully in early 2007) in announcing it would likely receive going concern language from its auditors. "The inclusion of such a paragraph in such report would result in defaults under certain indebtedness of the Company, which defaults, if not cured or waived prior to the expiration of the applicable grace period, would result in an event of default under the Company’s principal U.S. senior secured credit facilities. Such events of default, if they occur, provide the lenders the right to demand all amounts due under the[More...]

Auto Industry - Industry Outlook

Mon, 09 Mar 2009 21:11:00 GMT

OPPORTUNITIES ? The industry is very concentrated, with the top 8 global auto companies having more than 90% of global revenues and the top 50 global auto parts companies having 80% of global revenues (the top 4 US tire producers have 75% of the US market). There is a focus on automation and simplifying product lines to lower costs and benefit from economies of scale. The average car now needs only 15-25 man-hours per vehicle and this drops 2% annually. Hybrid/alternative cars represent a source of growth in the future. Market share gains by hybrids/alternatives will be slow, and they are now only 4% of cars on the road. The automakers have been receiving TARP funding from the Treasury to cover cash burn issues. The exact amount continues to be a moving target.? ? WEAKNESSES [More...]

Visteon: On the Brink of Bankruptcy

Thu, 05 Mar 2009 19:47:08 GMT

The market has been abuzz with speculation that auto parts supplier Visteon Corp. (NYSE: VC) is headed for bankruptcy amid sinking US auto sales.[More...]

Auto Industry - Zacks Analyst Interviews

Mon, 15 Dec 2008 13:18:00 GMT

Our prevailing overview for the automotive industry going forward can be summed up with one word: negative. OPPORTUNITIES The industry is very concentrated, with the top 8 global auto companies having more than 90% of global revenues and the top 50 global auto parts companies having 80% of global revenues (the top 4 US tire producers have 75% of the US market). There is a focus on automation and simplifying product lines to lower costs and benefit from economies of scale. The average car now needs only 15-25 man-hours per vehicle and this drops 2% annually. Hybrid/alternative cars represent a source of growth in the future. Market share gains by hybrids/alternatives will be slow, and they are now only 4% of cars on the road. Automakers were denied $15 billion by the Senate, but we believe they will access the $15 billion needed from the TARP fund at the Treasury. A more permanent solution will be found when the Obama[More...]

Auto Industry

Fri, 12 Dec 2008 20:17:00 GMT

Bailout Of Autos And Other Related Thoughts

Wed, 12 Nov 2008 17:25:00 GMT

It is kinda sad that the industry in USA is now so dependent on the tax payer largesse. It is sadder still to note that the congress is completely clueless as to the right way of deploying the tax payer capital. We, the private citizens, should expect and demand more from our elected representatives. Bailing out Autos The democratic congress is pushing to bailout GM and other autos. Many talking heads and pundits are calling for a bailout for the car companies as a way of saving jobs. Am I the only person around who thinks this is a singularly bad idea? The Real Problem I have spent my pre-entrepreunarial career working at and strategic consulting for auto companies (all three of the big three). It is not true that these companies do not know that they need to restructure, and that they need to[More...]

Analyst Comments: United Thera, Genta, Visteon, Watsco, Autonation, National Semi, Saks, Lehman, Joy Global, Nuvelo, 3D Systems, Suntech Power, Dassault, Cell Therapeutics, Analog Devices, Energy Transfer, General Growth

Wed, 20 Aug 2008 19:58:00 GMT

Although the current business fundamentals at United Therapeutics Corp. (UTHR) are solid, we are seeing several potential hiccups coming in the next year. With the stock up 65% over the past twelve months and currently trading at 50x our 2008 EPS estimate[More...]

Analyst Comments: Visteon, Drugstore.com, Grey Wolf, Big 5 Sporting, Sanofi-Aventis

Mon, 04 Aug 2008 16:00:00 GMT

On July 30, Visteon Corp. (VC) reported a loss per share of $0.32 in the second quarter from continuing operations, compared to the loss per share of $0.46 in the same quarter of the previous year. The company is focusing on strengthening its non-Ford businesses and reducing costs in order to attain long-term profitability. The closure of underperforming facilities and the reduction of headcount under the three-year improvement plan are benefiting the company. Both restructuring facilities and overhead reductions would result in cumulative savings of $635 million by the end of 2010. However, the company's near-term prospects have been dampened by higher costs and a weak automotive market. Moreover, higher restructuring charges are eroding the profits of the company. Thus, we maintain our Hold rating, with a target price of $3.00. Visteon's[More...]

St. Petersburg Times, Fla., Robert Trigaux column: Florida lags in venture capital

Tue, 01 Dec 2009 16:48:00 GMT

Dec. 1--Florida entrepreneurs must possess cast-iron constitutions to try building start-up companies in these economic times.
Ask Florida Venture Capital Forum executive director Robin Kovaleski in Tampa what the climate is like these days for venture capital funding and she alternates between "tough" and "brutal."
The survey may quibble with me, but I'll add one more name, Sharklet Technologies of Alachua, as a fifth Florida company to get funding just as the second quarter ended and third quarter began.

: iStockAnalyst.com Symbols Feed

Notable Bankruptcies Of 2009: Q3

Notable Bankruptcies Of 2009: Q2

More Pain For Auto Suppliers

Auto Industry - Industry Outlook

Visteon: On the Brink of Bankruptcy

Auto Industry - Zacks Analyst Interviews

Auto Industry

Bailout Of Autos And Other Related Thoughts

Analyst Comments: United Thera, Genta, Visteon, Watsco, Autonation, National Semi, Saks, Lehman, Joy Global, Nuvelo, 3D Systems, Suntech Power, Dassault, Cell Therapeutics, Analog Devices, Energy Transfer, General Growth

Analyst Comments: Visteon, Drugstore.com, Grey Wolf, Big 5 Sporting, Sanofi-Aventis

St. Petersburg Times, Fla., Robert Trigaux column: Florida lags in venture capital

San Jose Mercury News, Calif., Scott Harris Column: VC Confidence Flat, but What Does It Mean?

Overseas Chinese Return to Start Companies

The Indianapolis Star Daniel Lee Column: Indiana Working to Create Its Own Identity With Investors

Overseas Chinese Return to Start Companies

Venture Funding Stalls in Third Quarter

Venture Funding Stalls in Third Quarter

Venture Funding Stalls in Third Quarter

Bright Spot in VC: Soros Commits $1 Billion to Clean Tech

Bright Spot in VC: Soros Commits $1 Billion to Clean Tech

Research and Markets: Strategic Analysis Review of Meridian Automotive Systems, Inc.

Visteon Corporation Stock to Trade Over-the-Counter Under New Symbol

Research and Markets: Cadence Innovation - Strategic Analysis Review

Visteon Announces Fourth-Quarter and Full-Year 2008 Results

Visteon to Release Fourth-Quarter and Full-Year 2008 Financial Results Feb. 25

Visteon Provides Preliminary 2008 Financial Data and Updates Restructuring and Other Actions

Visteon Infotainment Solutions to Receive ATSC Mobile Digital TV

Visteon to Set Pace in Global Cockpit Electronics Market

Visteon Brings Innovative Vehicle Solutions to Consumer Electronics Show

Visteon Withdraws Full-Year 2008 Guidance

Form 4 GOHL TERRY For: Feb 06 (10K)

Form 4 Donofrio John For: Feb 06 (10K)

Form 4 QUIGLEY WILLIAM G III For: Feb 06 (10K)

Form 4 WOODROW KENNETH For: Dec 31 (10K)

Form 4 HAMP STEVEN K For: Dec 31 (10K)

Form 4 WOODROW KENNETH For: Sep 30 (10K)

Form 4 SCHAFFER CHARLES L For: Sep 30 (10K)

Form 4 KRAPEK KARL J For: Sep 30 (10K)

Form 4 HAMP STEVEN K For: Sep 30 (10K)

Form 4 VISTEON CORP For: Aug 11 Filed by: Meszaros Steve (10K)