On the other hand, cost advantage of US plants using natural gas instead of oil as in input is decreasing. In terms of energy content, at least, natural gas is still much cheaper.
Prince Rupert, British Columbia, is a 1,000-mile drive from Seattle and far from major manufacturing centers. But last year, the port in the northwestern Canadian province was a key North American entry point for Asian-made products, and nearly all of the goods it received went to the U.S.
Cargo traffic bound for the U.S. has risen 11% so far this year at Prince Rupert, the smaller of Canada’s two West Coast ports. To take advantage of growing demand, the port is moving ahead with plans to boost its container-handling capacity.
Shipping companies are seeking the fastest route to move Asian goods to the U.S. Midwest, with a growing share of U.S.-bound cargo arriving first in Canada. The increased business suggests Canada’s efforts to exploit some natural geographic advantages by spending billions of dollars on its West Coast trade infrastructure are paying off.
Congestion, labor tensions and tax concerns at U.S. ports have also spurred some shippers to look north.
Canada was the entry point for 2.6% of U.S.-bound Asian cargo in 2010, and has likely grown to a “new record high” since then, said Richard Lidinsky Jr. , commissioner for the Federal Maritime Commission, the agency tasked with regulating the U.S.’s international ocean transportation system. Roughly 87% of the containers received in Prince Rupert were hauled by rail to the U.S., the agency said.
Northwest U.S. ports have seen a nearly 11% drop in cargo from Asia over the past year, according to the FMC.
“It’s a wake-up call for us,” said Mr. Lidinsky. “It almost becomes a self-fulfilling prophecy. If you have problems in California and the Pacific Northwest, there’s a natural alternative to go to Canada.” Once a port loses that business, he added, “it’s very, very difficult to win it back.”
Starr asks good, respectful, positive questions. Even his patience was worn out by another speech in lieu of an answer, and said "Yes. Okay, I know all this.". Jaffe got a bit testy. I can't blame Jaffe trying to tell his story to any possible new investors, but don't then blame the questioners for taking too much time.
I was a shareholder years ago. I didn't have faith in Craig Maier (this company was the only Golden Corral franchisee who seemed to lose money on those restaurants, and it took many years before they gave up increasing their investment and got out of the business). Still, FY 2014 eps caught my eye, until I discovered it was due to one time tax recoveries.
Skip, article claimed growth was exponential everywhere. As to how specialized plastic is, I don't know, but you want very good transparency, durability and insulation I would imagine. Well, if they are rolling up all the sides, maybe transparency is not important (incidentally, I would think you would want to roll down the sides for maximum sunlight to hit plants).
hey are selling more leather than they expected, and therefore eps is being revised down. Huh?? I guess the key is that revenue guidance is not being revised up, so they are selling less non-leather merchandise.
From Philadelphia Inquirer:
If you're a farmer or an adventurous gardener, growing in high tunnels - those metal-framed structures covered in polyethylene plastic - just got a little less stressful.
Gov. Corbett recently signed into law a bill ensuring that owners of high tunnels, which provide a warm, dry environment for growing vegetables, fruits, herbs, and flowers in the offseason, will no longer have to worry about complying with the state building code.
No one was systematically cracking down on high tunnels. But a few municipalities in rural Pennsylvania were requiring tunnel owners to get a building permit, which meant hiring architects and engineers and installing fire-suppression sprinklers, foundations, and handicapped access.
Over the last decade, high tunnels - also known as hoop houses or "poly houses" - have allowed the growing season to be extended at both ends, from February to December. They've been a boon to growers, who can charge higher prices in the offseason, and consumers, who now enjoy a wide variety of produce at farmers' markets practically year-round.
"The growth of high tunnels has been exponential, not only in Pennsylvania, but around the country," says Pennsylvania State University professor of vegetable crops William J. Lamont Jr., who helped popularize the technology in the late 1990s.
High tunnels are much cheaper than traditional greenhouses, about $2.50 to $3 per square foot, excluding labor, according to Penn State. Unlike greenhouses, where plants grow in pots or on benches, tunnel crops are in the ground. And tunnels are usually unheated and lack permanent ventilation systems; to circulate air, growers manually or mechanically roll up the sides.
Although the metal frames can last about 25 years, the plastic typically lasts four or five. Greenhouses, depending on their quality, are much longer-lived.
Your facts on BH are a testament to the impact Biglari and corporate governance has on the market value of BH. What does it matter whom gets the dividends?
I guess the accounting error is evidence of a certain amount of incompetence. As far as its impact on future earnings, I have always assumed the RIN credits will have a finite life - thinking that sooner or later our country's energy policy will get more rational.
On paper, and I don't fully trust it, the one stock I own which seems a bargain is TLF. If they don't have good sales in Nov and Dec, they will have too much inventory, but in their field inventory is not too subject to markdowns, especially the leather itself.
Steve, I tend to favor lower PE stocks, although they are getting harder to find. If MTX meets its Dec target without a rise in price, and if not too much of earnings come from commodity minerals, I would be interested.
Steve, I like Seeking Alpha. DDuane (Practical Stock Investing) is still the blogger I respect the most and as far as I can see, he is doing it just as a public service.
Seems to indicate management is interested in maximizing value.
For what they are worth, I did the following calculations:
9 month segment earnings: 5203 + 9676 + 5146+ 1250 = 21275
rfl/total = 1250/21275 = 0.06
sale price/market cap: 20/167 = 0.12
In other words, RFT accounted for 6% of 9 month segment earnings, but sale price is 12% of SLI market cap.
Now SLI would be worth more without environmental liabilities, and buyer of RFL did not assume any.
For 9 months, eps from continuing ops is 3.3% higher than total eps. If we increase market cap by 4% in the above, we get 20/(167*1.04) = .115 or 11.5%
This is all very crude and doesn't consider future potential.