New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 4, 2012
17:05 EDTCPCanadian Pacific sees full-year operating ratio in 'mid-sixties' for 2016
Financial expectations for the company's plan through to 2016 include: compound annual revenue growth of 4% - 7% off the 2012 base; a full-year operating ratio in the mid-sixties for 2016; cash flow before dividends of $900M-$1.4B in 2016; annual capital spending in the range of $1B-$1.1B over the period. Key Assumptions include: average fuel cost per gallon of $3.45 per U.S. gallon; Defined benefit pension expense of $140M-$150M through 2016; defined benefit pension contributions between $100M-$125M through 2015 increasing to $200M-$300M in 2016; a tax rate of 25%-27%; CP becomes fully cash taxable during the four-year period; Canadian to U.S. exchange rate at par.
News For CP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 26, 2014
14:05 EDTCPRailroads prepare to avoid Chicago gridlock, Bloomberg says
Subscribe for More Information
08:20 EDTCPAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
17:26 EDTCPCanadian Pacific to purchase for cancelation over 1.2M shares
Subscribe for More Information
November 19, 2014
11:14 EDTCPCowen airfreight/surface & rail analysts hold analyst/industry conference call
Subscribe for More Information
November 17, 2014
16:11 EDTCPNorfolk Southern, Canadian Pacific subsidiary propose rail line transaction
Subscribe for More Information
November 14, 2014
17:14 EDTCPPershing Square gives quarterly update on stakes
Subscribe for More Information
November 12, 2014
08:05 EDTCPGoldman to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use