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All GLG News Analyses Filed Under: Industrial

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Paul Hodges Posted September 8, 2008
A $5 Trillion Bailout
Analysis of: Mortgage Giant Overstated the Size of Its Capital Base | www.nytimes.com
Author: Paul Hodges, Chairman International eChem
The US government has finally decided to nationalise the two home loan giants.  Between them, Fannie and Freddie guarantee 47% of all US mortgages, worth around $5 trillion - equivalent to the combined GDP of the UK and France.  High leverage makes earnings and management look wonderful...
Posted September 3, 2008
Cemex Pricing Increase Overly Optimistic
Analysis of: Cemex Hikes Cement Prices By $25 Per Cubic Yard | www.aggregateresearch.com
Author: Keith Jones, President Material Advisory Group, Inc.
Cemex announced an across-the-board $25/yard price increase for ready mixed concrete for all its operations in the U.S.  This increase is an overly simplistic plan for improving the profitability of the company in the U.S.  Cemex ignores the economics of supply and demand and the...
Posted September 3, 2008
Multinational Cement Companies Continue Consolidation
Analysis of: Europe Slowdown Could Crumble Cement Makers | www.forbes.com
Author: Keith Jones, President Material Advisory Group, Inc.
Acquisitions within the construction materials industry have continued in strong fashion, with multinational cement producers leading the way.  Bigger and bigger deals are being put together by the world's largest cement producers, both in the U.S. and abroad.  These producers...
Posted September 1, 2008
Pressure continues to stop mining in Dade County Florida
Analysis of: Judge urged to restore ban on rock mining near Everglades | www.miamiherald.com
Author: David Willis, President David Willis & Associates, LLC
Pressure continues to reimpose the mining ban in the Dade County Florida Lake Belt. The Lake Belt accounts for nearly 50% of limestone produced in the State of Florida.
Posted August 28, 2008
Inconceivably Short Sighted
Analysis of: The Future of the Electric Car | blogs.tnr.com
Author: GLG Member Program Contributor
U.S. is too large for this plan to work. There is no allowance for profit margin. Why would the auto companies want to be involved in this mess?
Posted August 28, 2008
The Electric Car: A Technology Who's Time Has Come
Analysis of: The Future of the Electric Car | blogs.tnr.com
Author: GLG Member Program Contributor
1.  Traction drive electric motors in the wheel has already been developed by Dana and Volvo. 2.  Yardney Technical Products, Inc., Stonington, CT has a battery system that has lasted for eights years and is working on a car battery that will charge in 15 minutes. 3.  The 2nd generation hybrid...
Jack Lifton Posted August 26, 2008
Minor Metals Markets Are Not Transparent And Hedging Non Exchange Traded Metals Requires Great Skill
Analysis of: Can One Man’s Actions Take $6 Billion In Value Out Of A Minor Metal Market In A Month? | www.resourceinvestor.com
Author: Jack Lifton, Managing Director Jack Lifton, LLC
End users of minor metals for critical purposes, i.e., for purposes that are not economically or technologically possible without a particular minor metal, can hedge the required supply of metal by financing the producer's output, through offtake agreements, for example, and by being the buyer of last...
Posted August 25, 2008
DOW CHEMICAL AND THE DIOXINS PROBLEM
Analysis of: DOW'S Dioxins | pubs.acs.org
Author: GLG Member Program Contributor
   Dioxins usually refer to a group of highly toxic chlorinated compounds  The US Environmental Protection Agency (EPA) does not have an acceptable level for exposure, but has an “Action Level” of 1000 parts per trillion (ppt) for the most toxic dioxin (2,3,7,8- tetrachlorodibenzo-p-dioxin)....
Mark Burger Posted August 18, 2008
Negotiating the Spanish and US Solar Markets
Analysis of: Premier Power solar panels take over Spanish rooftops | www.bizjournals.com
Author: Mark Burger, Principal Kestrel Development Company
This story on a US based installer setting up shop in Mediterranean Europe is a good example of the challenges of dealing with what was until recently two of the hottest PV markets in the world for 2009 - Spain and the United States.  The dynamics of what the changes in incentives will do and how...
Posted August 14, 2008
Spanish government limits the profitability of PV solar systems
Analysis of: Premier Power solar panels take over Spanish rooftops | www.bizjournals.com
Author: GLG Member Program Contributor
When the new decree that regulates the Feed-in Tariff for photovoltaic solar systems is approved, the profitability of these installation will be reduced a 45 % for roof type systems and a 65 % for ground type solar systems. The FIT will be reduced from 0,44 €/kW·h to 0,33 €/kW·h...
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