Rochester,NY 7/13/2009 10:23:16 PM
Morning Stock Report - PACR - Little to Like - Sourced WhisperFromWallStreet.com
Pacer International Inc.
Pacer International Inc., PACR
Despite the excitement over the Meredith Whitney upgrade of banks and some upgrades of Google , it has been straight down in the opening minutes. Banks are showing some relative strength and retail is around flat, but oil and commodities are the villains once again and are leading to the downside. I'm a bit surprised at the ridicule of Meredith Whitney. She was quite correct on banks and all she is really saying today is that Goldman stands to profit quite nicely from the big increase in government debt. She is still looking for a big jump in unemployment and doesn't see real estate doing much. Yes, banks have had a nice run that she has missed, but she has been better than most in seeing the big picture. I guess if you aren't a cheerleader for the market.
ABOUT - Pacer International Inc.
Pacer International, Inc. operates as a non-asset based third-party logistics provider in North America. The company operates in two segments, Intermodal and Logistics. The Intermodal segment provides stacktrain, rail brokerage, and local cartage services principally to intermodal marketing companies, truck brokers, truckload carriers, automotive intermediaries, and international shipping companies. This segment also offers ramp-to-ramp and door-to-door services. As of December 26, 2008, the company's equipment fleet consisted of 1,849 double-stack railcars, 28,681 containers, and 29,904 chassis.
Last Trade: 1.71
Day's Range: 1.71 - 1.82
52wk Range: 1.57 - 25.21
Volume: 43,451
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