Freightcar America (RAIL) -- strong demand for coal rail service
(19.25 -0.37)
On Massey Energy's (MEE) Q1 conference call, this large
coal producer has talked alot about the lack of railroad service to transport
coal. Co says coal cars are running at or near capacity. Briefing.com notes
that this could be seen as good news for Freightcar America, the largest
producer of coal-carrying cars with an 81% market share. Nearly 80% of car
deliveries in 2004 were coal cars. RAIL is a recent IPO trading right near its
$19 offering price.
Monster call notes III (MNST) 28.54 +0.09 :
Monster said it had an inquiry from GOOG about working together to generate more
traffic, MNST says it will talk to them, if it's good for job seeker
and employer, may be the way to go (co didn't really elaborate). Yet MNST
says 75% of traffic comes based on strength of MNST brand. Co says
any innovation in the employment category will serve to help the co… (Note
that stock hit a high of $31.13 intraday as analysts started to talk about this
previously undisclosed Google inquiry).
ITWO call details II: (ITWO) 13.00 -0.03 : Analysts have excessive
praise and congratulations for management on call. Analsyts said they are
IMPRESSED with what new CEO has accomplished; they want to know how long
he'll stick around -- CEO says he's just getting started at the co, says
he's "having a lot of fun." Several wanted to know how ITWO plans to cut
debt; co says it has a
multi-pronged plan, will continue to look at non-core businesses it can
sell, licensing opportunities for upfront cash, potentially more equity
investment, and some longer-term senior debt or a refinancing. Co says it's
heading toward becoming a solutions company; CEO says a services model can be
profitable. Co notes that sales have been hampered by questions about ITWO's
financial liability; co says it must close cash-to-debt gap completely
before more customers come on.
