“Consider O'Reilly Automotive, due to the used car repair trend - Bloggingstocks.com” plus 4 more |
- Consider O'Reilly Automotive, due to the used car repair trend - Bloggingstocks.com
- 'Right-to-repair' bill helps car owners access vital repair ... - Union-News & Sunday Republican
- Company looks to revive Temple Club site - Lansing State Journal
- Editorial Roundup - Newsday
- Many Classic Car Owners Are Paying Too Much for Insurance - PR Newswire
| Consider O'Reilly Automotive, due to the used car repair trend - Bloggingstocks.com Posted: 16 Sep 2009 02:45 PM PDT  In the current market frugal consumer plays carry the day. And that's why I'm reiterating my Buy rating for O'Reilly Automotive (NASDAQ: ORLY), first recommended on May 18, 2009 at a price of $37.02. Nothing creative about the O'Reilly's value story: it's the third largest automotive aftermarket parts supplier (alternators, starters, fuel pumps, brake shoes, pads, filters etc.), with 3,285 stores in 38 states. Nothing creative about O'Reilly's value story: it's the third largest automotive aftermarket parts supplier (alternators, starters, fuel pumps, brake shoes, pads, filters etc.), with 3,285 stores in 38 states. Auto parts companies usually do well during downturns because -- you guessed it -- people who can't afford to buy a new car maintain their current used car better, because they know they may be driving it for several more years. In the U.S., it's an enormous market – and a critical one, if fewer decision to buy new cars. The First Call FY2009/FY2010 EPS estimates for ORLY are $2.13 to $2.52. Stock Analysis: O'Reilly Automotive is a moderate-risk stock. If you've already purchased the company's shares, hold them. If not, consider buying a 50% position in ORLY now; then buy another 25% in three months, if U.S. and global economic conditions don't worsen substantially. Under any circumstance, don't buy more than 75% of your ORLY position before December 2009. Sell/Stop Loss if you were to buy shares in this company: $18. - -  This posting includes an audio/video/photo media file: Download Now |
| 'Right-to-repair' bill helps car owners access vital repair ... - Union-News & Sunday Republican Posted: 16 Sep 2009 02:23 PM PDT • patsfanct -- First of all JackFate is a Jac... • shellikins -- I have a fairly new ('08) vehi... • RgtWingnuts -- Posted by jackfate03 on 09/16/... • RgtWingnuts -- I was a car dealer for years. ... • jackfate03 -- Glam,u r fortunate to be able ... • glamtb71 -- I have never taken my cars to ... • jackfate03 -- Hey ,if u clowns are happy wit...  This posting includes an audio/video/photo media file: Download Now |
| Company looks to revive Temple Club site - Lansing State Journal Posted: 16 Sep 2009 01:48 PM PDT Plans are in the works to renovate and bring new tenants to the former Temple Club building, an Old Town landmark for more than 90 years. Old Town Temple LLC is seeking local and state tax abatements to help fix up the building at 502 E. Grand River Ave. "It's a wonderful old building and we're hoping to put it back to productive use," said Alan Hooper, managing member of Old Town Temple LLC. "The use of it in the future will be dictated by who ends up renting it." The company spent $250,000 to purchase the building. It plans to invest another $655,400 to add a new roof, restore the stained glass windows, install new doors, replace windows and make other improvements. Hooper is seeking about $228,000 in local property tax abatements over 12 years under the Obsolete Property Rehabilitation Act. He also plans to request a Michigan Business Tax credit for up to $131,080. Construction is expected to start this fall and should be complete by mid-April 2010. The building was constructed in the early 20th century and housed churches for several decades. In 2001, it opened as the Temple Club, a bar and concert venue. The building has been vacant since the club closed in 2006, said Brian Anderson, Center City Director for the Lansing Economic Development Corp. "That's such an architecturally significant building," Anderson said. "For it to sit empty probably didn't reflect well on the city." Hooper said he's had interest from a variety of possible tenants, but nothing is final. The 14,300-square-foot facility likely will be used for office space and can accommodate at least 40 to 50 workers, he said. Hooper is president of Triterra, an environmental consulting business in Old Town. Brittney Hoszkiw, executive director of the Old Town Commercial Association, said Hooper's dedicated to the area and volunteers in the neighborhood. "We're excited that he is working on the project because we know that he'll be able to retain the building's integrity while giving it a new and exciting use for the community," she said. Other business owners have taken advantage of tax incentives to breathe new life into once-vacant buildings in Old Town. Preuss Pets moved into a former auto repair shop in 2006. This spring, the Old Town Medical Arts Building opened in the former Cedar Street School. The $3.6 million project received more than $415,000 in state and local tax incentives and expects to receive federal tax incentives as well.  This posting includes an audio/video/photo media file: Download Now |
| Posted: 16 Sep 2009 12:36 PM PDT Excerpts from recent editorials in newspapers in the United States and abroad: Sept. 10 The New York Times, on campaign finance: In the Supreme Court this week, Elena Kagan, the new solicitor general, eloquently defended the long-standing ban on corporate spending in political campaigns. But the conservative justices who spoke showed a disdain for both Congress's laws and for the court's own prior rulings. If the ban is struck down, as we fear, elections could be swamped by special-interest money. ... What the conservatives seemed most concerned about was protecting the interests of corporations. The chief justice and Justice Scalia seemed especially perturbed that what they see as the inviolable right of these legal constructs to speak might be infringed upon. ... The more liberal justices including Justice Sonia Sotomayor, who was participating in her first argument were far more sympathetic to the ban on corporate expenditures, but they have only four votes. There is still some hope that Chief Justice Roberts may decide his affection for corporations is less important than the reputation of the Roberts court. If he does, there is a chance for a limited, and relatively undamaging, ruling that hews closely to the facts of this case. The underlying dispute is a narrow First Amendment challenge brought by Citizens United, a nonprofit group that wanted to show an anti-Hillary Clinton movie on a video-on-demand service during the primary season. The court could uphold its right to show the movie without opening the door to a new era of political corruption. ___ On the Net: http://www.nytimes.com/2009/09/11/opinion/11fri3.html ___ Sept. 14 Grand Forks (N.D.) Herald, on Constitution Week: (A)s Constitution Week approaches, it's worth remembering that the document is the "floor" beneath all other conversations in America, including those that feature the latest gossip about celebrities. We have the leisure to enjoy such conversations because we're a free and rich country, in other words. And we're a free and rich country because of what happened 222 years ago this week. ... For the fact that Americans basically can go for days or weeks without thinking about their government is a sign that their government works. Thanks to the Constitution's basic soundness, our federal, state and local governments keep the streets policed, the classrooms functioning and the highways in reasonably good repair. Like a national thermostat, the Constitution keeps the temperature not too hot and not too cold, but just right, thereby enabling American life to proceed. But stop for a moment and listen, especially ... the rest of Constitution Week. Listen — and savor its magnificent hum. ___ On the Net: http://www.grandforksherald.com ___ Sept. 15 The Anniston (Ala.) Star, on Wall Street: Seeds of recessionary improvement, like those sowed by master gardeners, are beginning to take root. It's a welcome sign. .. But hold any widespread optimism, President Obama said Monday. If there are those on Wall Street who believe they own a green light to return to past practices — and receive another bailout — they are sadly mistaken, the president said. Help won't come again. That message had no gray areas, no room for misinterpretation. ... "That Wall Street is making money again in essentially the same ways that thrust the banking system into chaos last fall is reason for concern on several levels, financial analysts and government officials said," the AP reported. In this sense, it's a severe case of bad timing that Washington's undivided attention has been on health care reform, undoubtedly a needed and worthwhile effort. That's the topic of the moment, as it should be. But rest assured that the White House soon must return its gaze to Wall Street, to the scene of the crime. Changes are still needed. Obama's words of warning are a good start. ___ On the Net: http://tinyurl.com/ktnfae ___ Sept. 13 The Leaf-Chronicle, Clarksville, Tenn., on President Barack Obama's recent address to Congress: ... This past week, President Barack Obama attempted to convince the American people and the Congress that health care reform is possible and that it will be better than what we have now. The speech may have shored up supporters who thought the president wasn't doing enough to personally fight for health care reform. But overall, the speech wasn't a game-changer. ... Nothing in the speech did anything to alter attitudes of opponents on the right. The medical malpractice plan is a good first step, but it doesn't go nearly far enough regarding tort reform. Meanwhile, those on the far left undoubtedly were disappointed that Obama didn't fully embrace the public option. As for the middle where most Americans reside they were left with the big questions. One of them is whether the president's math adds up. ... The Democrats probably will be able to push something through for the president to sign and declare victory. It's not, however, going to be nearly as grandiose as what Obama had envisioned last January when he was inaugurated and considering the way the Democrats have handled the reform process, that's a good thing. ___ On the Net: http://tinyurl.com/leaf-editorial ___ Sept. 14 Naples (Fla.) Daily News, on trade issues and China: This didn't take long. ... President Barack Obama imposed punitive tariffs on Chinese-made lower price tires and ... China had announced it was considering tit-for-tat tariffs on imports of U.S. chicken and auto products. It's hard to see this as anything other than Obama currying favor with organized labor and Rust Belt Democrats at a critical point in his drive for health care reform. ... The White House, for its part, insists that it is only enforcing trade laws already on the book. ... Trade issues here and in China are hardly immune to domestic political considerations and are subject to considerable poker playing by trade negotiators. The tire tariffs will surely come up at the G-20 meeting in Pittsburgh later this month when Obama meets with Chinese President Hu Jintao. Commercial relations between the United States and China are too important to allow a trade dispute to escalate into a trade war. __ On the Net: http://preview.tinyurl.com/naples-editorial ___ Sept. 11 The Courier-Journal, Louisville, Ky., on President Obama's speech to Congress: President Obama's speech, Sept. 9, to Congress and the nation was long overdue, but it made a compelling case for national health care reform. By the standards of presidential addresses, Mr. Obama's remarks were commendably detailed. He rightly made clear that the road to financial disaster would be one that led not to change, but to continuation of the present inadequate and dysfunctional system. ... A more legitimate, and far thornier, issue is the cost of a new approach. The President insisted his plan, which includes subsidies and tax credits to help fund universal coverage, would cost $900 billion over the next decade and promised measures that would cut expenses if that estimate proved too optimistic. The numbers need to be looked at closer. Republicans are in no position to lecture anyone about deficits — they are, after all, the authors of the disastrous Bush tax cuts, two wars without a war tax and the unfunded Medicare prescription benefit — but deficits do trouble reasonable independents and moderate Democrats. Full and independent budget analysis, and a clearer explanation of the mechanisms that would reduce expenses or generate new revenue if there are cost overruns or inadequate savings under a new system, are essential. However, things need to move quickly. ... The present system causes hardship and tragedy, and the time for action is now. ___ On the Net: http://tinyurl.com/mbmklf ___ Sept 11 Chicago Tribune, on Rep. Joe Wilson's outburst during President Obama's speech to Congress: All that was missing were the spitballs. Like 4th-graders testing a substitute teacher, members of Congress wisecracked and fiddled with their BlackBerrys while President Barack Obama appealed for common ground on health care reform. Then from the fifth row came an outburst that would have gotten any 10-year-old yanked from his seat and hauled straight to the principal's office. "You lie!" Rep. Joe Wilson (R-S.C.) shouted at the president. It was the equivalent of hitting the teacher upside the head with an eraser — Too far, mister! — and Wilson knew it. He quickly apologized. "My comments were inappropriate and regrettable," he said. He can write it on the blackboard 1,000 times, but he can't take it back. Whatever legislation he authors, whatever deals he brokers, Wilson will go down in history as the loudmouth who called the president a liar in the halls of Congress on national television. ... More damning are the words of support from the professional hecklers who have already brought American political discourse to shocking new lows. They'd have us think his insolence was the righteous eruption of principled dissent. Joe Wilson knows better. So does everyone else. ___ On the Net: http://www.chicagotribune.com. ___ Sept. 16 Daily News, New York, on recent terror raids: All evidence indicates the NYPD and FBI are on the trail of a major terror plot whose reach stretches from Afghanistan to New York to Colorado, and who knows where else. Good hunting.s The raids in Queens ... along with confidential briefings given to members of Congress, left no doubt that U.S. counterterror operatives are mightily concerned about an effort to wreak terrible havoc. There has been a tendency to shrug off busts as targeting homegrown wanna-bes who had a tough time getting their terror acts together. You heard that in the Fort Dix case and in the Riverdale Jewish Center case and so on and so forth ad nauseam. But this case has the earmarks of an ambitious nightmare, complete with overseas engineering. It is also terrifying in that the suspects are believed to have planned to attack using easily made and devastating bombs. ... It is a truism of our age that America's radical Islamist enemies need win only once, while U.S. intelligence and law enforcement agencies must win every time. They have done the job magnificently for eight years, and they must have all the resources to continue the fight without carping and second-guessing. ___ On the Net: http://www.nydailynews.com ___ Sept. 15 The Sydney Morning Herald, on Obama's critics: When Barack Obama took office as U.S. President, it was apparent that changing the occupant of the Oval Office would change many things about America. And in the past year that expectation has been confirmed in speech and deed: a new attitude towards the Islamic world and new strategies for peace in the Middle East; new energy policies linked to measures aimed at reviving the ailing US economy; and now the attempt to deliver health insurance cover to all Americans, an issue that was central to Mr. Obama's presidential campaign. ... It is a tradition that presidents addressing Congress are heard in respectful silence, even by their fiercest political opponents. ... No one heckles a president. Or at least no one did until last week, when a Republican congressman from South Carolina, Joe Wilson, yelled out "You lie!" during Mr. Obama's speech. Nor is this the only novelty the President has had to endure since he began urging legislators to deliver on health care reform. Outside many of the town hall meetings he has attended have been protesters carrying guns. ... ... (I)t is inconceivable that a white president would be treated in this way. The protesters are effectively saying that they do not accept the legitimacy of last November's election ... They do not represent the American mainstream, however much they purport to speak for it. If they nonetheless block the President's agenda, American democracy will be the loser. ___ On the Net: http://tinyurl.com/owrj9w ___ Sept. 11 Daily Star, Beirut, Lebanon, on terrorism: Eight years after the tragic events of September 11, 2001, Americans and indeed citizens of other countries around the world are still taking stock of the global "war on terror" that former US President George W. Bush swiftly launched in the aftermath of the attacks. Nearly a decade on, Bush has retired to a home in Dallas to write his memoirs, but the blood of scores of victims in the global war on terror is still drying. The conflicts that the Bush administration initiated continue to take a heavy toll on Iraqis, Afghans and Americans alike, hundreds of thousands of whom have been killed or wounded over the last eight years. ... The end result of all these conflicts is that September 11 is no longer an unparalleled tragedy. Every day is a September 11 for the scores of civilian victims of terrorist attacks and indiscriminate wars that are being waged around the globe. Countless buildings have been destroyed by suicide bombers, extended families have been killed in "targeted" air strikes, and entire villages have been razed by invading forces, but the end of the war on terror remains nowhere in sight. When will we all learn that terror cannot be combatted with terror? Whether it's the Americans and Israelis who are launching new wars or the Arabs and Muslims who take up arms in resistance against atrocities committed on their land, all are perpetuating a viscous cycle in which no one really wins, despite repeated declarations of victory from all sides. There must be a better way to resolve what are primarily political conflicts in the Middle East. ... ___ On the Net: http://tinyurl.com/ldes47 ___ Sept. 16 The Times, London, on Afghanistan's election: Last month The election fraud is a political scandal, a blatant attempt to deceive the Afghan people and entrench in power a corrupt administration. It is now high time that the allies asserted the minimum conditions of a deployment that has cost huge sums and many lives. Ideally, the entire election would be scrapped and rerun, although that may be impractical, leaving the country rudderless for months. Instead, either there must be new polls in at least 2,500 areas or agreement by Mr. Karzai to share power with his main rival. ... ___ On the Net: http://tinyurl.com/lkayp2 ___ Sept. 14 Asahi Shimbun, Tokyo, on nuclear disarmament: Five months ago, U.S. President Barack Obama gave a speech in Prague calling for "a world without nuclear weapons." The world has already started to act. On Sept. 24, in New York, Obama will host a meeting of the 15 heads of the U.N. Security Council member states to discuss nuclear disarmament and nonproliferation. The five permanent members of the Security Council are all nuclear powers and have veto power. The issue of nuclear disarmament that would require all five to cut their nuclear arsenals has long been considered taboo in the body. Yet this year, the heads of state of those countries are going to discuss that very issue. This is a groundbreaking event. From Japan, a non-permanent member, Yukio Hatoyama, who will be prime minister by then, will participate. ... Japan should take an active role. First, it should draw out a road map toward achieving a non-nuclear Northeast Asia as proposed by the Democratic Party of Japan. Also, the DPJ-led government should require all the nuclear powers to pledge not to use nuclear arms in a first strike. It is also essential for the government to urge China to work toward nuclear arms reduction. Of course, it is necessary to pursue patiently and persistently a solution to the sticky issues of North Korea's nuclear program and Iran's uranium enrichment, both of which threaten the Nuclear Nonproliferation Treaty (NPT) framework itself. We urge the DPJ-led government to show the world a uniquely Japanese concept of nuclear disarmament while maintaining close cooperation with the United States. ___ On the Net: http://www.asahi.com/english/Herald-asahi/TKY200909140042.html ___ Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  This posting includes an audio/video/photo media file: Download Now |
| Many Classic Car Owners Are Paying Too Much for Insurance - PR Newswire Posted: 16 Sep 2009 12:00 PM PDT WARREN, N.J., Sept. 16 /PRNewswire/ -- Despite a slowed economy, many car collectors are still paying top dollar for their dream machines -- and to protect them. At the Monterey Auto Auction recently, a 1965 Shelby Daytona Cobra Coupe CSX2601 sold for $7.3 million, setting the record for the highest price paid for an American car at public auction. Nearly 500 cars sold in Monterey, CA, for a total of more than $100 million. But Paul Franklin, worldwide underwriting manager for Chubb Personal Insurance, said many car collectors are paying too much to insure these vintage vehicles and high-powered racers, and they're not all getting the coverage they need. "Collector car owners often add these special cars to a standard auto policy, when they should be looking at a collector car policy," Franklin said. Premiums are usually lower with a collector car policy, because these cars are often lovingly cared for and used for pleasure or as part of a hobby, not everyday commuting. "Some classic cars sit in temperature-controlled garages year-round and are only taken out for car shows and special events," Franklin said. "Unlike the car you drive to work, which probably depreciated in value the moment you drove it off the sales lot, many of these cars are appreciating in value." The appreciation of a classic car's value is another reason why owners should seek a collector car policy. With agreed value coverage, the insured value of a car is determined at the time a policy is purchased, so if the car suffers a covered total loss, there's no question regarding valuation. Also, with proper notice, a policyholder can increase the amount of coverage on the car to proper market value anytime prior to a covered loss. Standard auto policies are based on the depreciated value of a car. Franklin added that it's important that collector car repairs are performed by experts in repair shops that specialize in restoring these unique vehicles. An insurance company with a deep understanding of what goes into a high-quality repair can help car owners select the right repair shops. "These cars are not just ordinary conveyances, to be quickly repaired and returned to service," Franklin said. "Rather, they are cherished 'members of the family' deserving of the best care available." Other features to look for in a collector car policy, according to Franklin, include:
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates in North America, Europe, Latin America, Asia and Australia. Chubb is a worldwide leader in insuring fine homes, automobiles, yachts, antiques and other collectibles, and personal liability. Additional information on Chubb can be found at www.chubbcollectorcar.com. SOURCE Chubb Group of Insurance Companies Website: http://www.chubbcollectorcar.com  This posting includes an audio/video/photo media file: Download Now |
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