Wolfe Trahan Published Research » Audio

Wolfe Trahan & Co. 2Q10 Postview Conference Call: “Freight GDP” Booming, Now What? – 10AM, Friday, Aug 13th

Wolfe Trahan — Fri, 13 Aug 2010 15:00:43 +0000

Ed Wolfe will host a conference call to discuss takeaways from recent 2Q10 earnings reports. Topics will include: Why Does Freight Feel Better than Reported Economic Data?, What are Key Operating Trends out of 2Q?, Which Freight Sectors Feel Relatively Strongest?, What Were the Biggest Surprises from 2Q Reports?, Which Stocks are Best and Worst Positioned for a Potential Economic Slowdown?, and Five Stocks to Make Money on By Year-End.

Audio Brief: Highlights from our May Monthly Macro Watch Report

Wolfe Trahan — Tue, 08 Jun 2010 19:06:46 +0000

This 8 minute audio brief includes 8 slides and highlights the key takeaways and data points from our May Monthly Macro Watch Report. Generally, domestic vols continue to improve with the rails showing the most consistent strength in recent months. Truck vols also continue to improve but took a modest step back in April after exceptionally strong improvement the prior 2 months. Our channel checks suggest demand was very strong in May, and no carriers or shippers at our Global Transport Conference 2 weeks ago noted any signs of a slowdown in demand or customer orders.

Ed Wolfe Conference Call Replay: Global Transportation Conference Recap

Wolfe Trahan — Wed, 02 Jun 2010 15:00:34 +0000

Ed Wolfe recently hosted the Third Annual Global Transportation Conference in New York. We heard from 70 transport companies and 200 shippers. This call discussed what they are saying about freight and how it changes our view on the stocks.

Audio Brief – Wabtec Corporation Initiation: Braking the Cycle – Solid Play on PTC

Wolfe Trahan — Thu, 20 May 2010 12:37:47 +0000

This 8-minute audio brief and accompanying slides discuss our initiation of research coverage for Wabtec Corporation.

Ed Wolfe Conference Call Replay: 1Q:10 Postview: “Strong Operating Trends… But Time to Pick Stocks”

Wolfe Trahan — Fri, 14 May 2010 15:00:28 +0000

Ed Wolfe hosted a conference call to discuss takeaways from recent 1Q:10 earnings reports and our expectations for future trends. On this call, Ed will update our thesis on how to make money in the transports, long and short, including Our Top Stock Picks From Here and Why?; Why We Expect a Difficult 2H For the Transports; Which Stocks Already Discount Peak EPS In 2011?; Which Stocks Should Peak This Cycle Above Prior Cycles?; Which Stocks Should Hold Their Valuation Best as Leading Indicators Likely Peak and Level Off?; Current Trends In and Out of 1Q For Rails, Trucks and Airfreight & Logistics Companies; a Look at Recent Transport Stocks’ Performance and What it Tells Us About the Business Cycle; a View of the Macro Freight Economy Once Normalized For Extremely Easy y/y Comps; and an Appendix worth Saving on Your Shelf!

1Q:10 Postview Conference Call Slides

Wolfe Trahan — Fri, 14 May 2010 15:00:04 +0000

Ed Wolfe hosted a conference call to discuss takeaways from recent 1Q:10 earnings reports and our expectations for future trends. These are the SLIDES from that call. On this call, Ed will update our thesis on how to make money in the transports, long and short, including Our Top Stock Picks From Here and Why?; Why We Expect a Difficult 2H For the Transports; Which Stocks Already Discount Peak EPS In 2011?; Which Stocks Should Peak This Cycle Above Prior Cycles?; Which Stocks Should Hold Their Valuation Best as Leading Indicators Likely Peak and Level Off?; Current Trends In and Out of 1Q For Rails, Trucks and Airfreight & Logistics Companies; a Look at Recent Transport Stocks’ Performance and What it Tells Us About the Business Cycle; a View of the Macro Freight Economy Once Normalized For Extremely Easy y/y Comps; and an Appendix worth Saving on Your Shelf!

Conference Call Replay: Everything is About to Change… The Impact of Cyclical Forces on Investing in 2010

Wolfe Trahan — Wed, 05 May 2010 15:00:37 +0000

François Trahan hosted a conference call, “Everything is About to Change…”: The Impact of Cyclical Forces on Investing in 2010. This 45–minute call discussed: April Will Likely Mark The High Tide Of The Cycle For Leading Indicators, How Will A “Regime Shift” Influence Asset Allocation And Stock Selection?, and Unleashing The Power Of The Business Cycle In Quantitative Analysis.

Audio Brief – Inside Our Auto Sales Forecast Model

Wolfe Trahan — Thu, 15 Apr 2010 11:34:40 +0000

This audio brief and accompanying slides discuss our auto sales forecast model, an important part of our Auto & Truck Manufacturing initiation last week. Our auto sales forecast is a key differentiator of our coverage on the Auto sector and the main driver of our outlook for North American vehicle production. Our model uses an econometric regression model incorporating four factors to estimate future U.S. vehicle sales. We have also included an interactive model for clients to input their own assumptions.

Audio Brief – Truck Equipment and Capital Spending Survey

Wolfe Trahan — Tue, 13 Apr 2010 10:59:24 +0000

This audio brief and accompanying slides summarize the key takeaways from our recent proprietary trucker survey that was conducted in conjunction with our Auto & Truck Manufacturing initiation. The brief explains why we believe the North American truck fleet is in better condition than the average age implies, compares the two competing 2010 engine technologies and provides additional insights underpinning our below–consensus truck production outlook.

Auto & Truck Manufacturing Launch Conference Call – Thursday, April 8th

Wolfe Trahan — Thu, 08 Apr 2010 15:00:34 +0000

Tim Denoyer hosted a conference call launching coverage of the Auto & Truck Manufacturing sector. He provided an analysis of Auto and Truck cycles, discussed the drivers of the different cycles, discussed regulatory and fuel effects on Auto and Truck Technology, provided thoughts on emerging markets impacts, compared valuations relative to historical norms, introduced our 425-page Industry Report, introduced our Proprietary Trucking Industry Survey, introduced our unique auto sales forecast, and released our eleven detailed company reports and models.

I am happy to announce that after nearly five years as my senior trucking associate, Tim Denoyer has been promoted to Vice President and will be assuming his own coverage of the Auto & Truck Manufacturers and Suppliers. Tim has dedicated the past six months exclusively to this new research area and intends to launch coverage with an industry overview and on eleven individual companies with a 425-page report and conference call. Included in his work is a proprietary survey of trucking companies that we crafted together to better understand the truck cycle in terms of capital spending, fleet aging and engine selection. This is only one example of the many new and proprietary features of our planned coverage.
Prior to working with me at Bear Stearns and Wolfe Trahan, Tim worked as a research associate at Prudential where he covered the Auto and Auto suppliers and also worked as an associate for their economist. I think his background, training and his coverage of the combined vehicle group should create unique insights for investors. I’m proud to announce his initiation details above.
Best Regards,
Ed