on Feb 25, 20 • by John Loughran • with No Comments
Preston-based logistics firm GBA Services has begun welcoming its first order of trailers from Tiger as the fast-growing specialist with a can-do attitude strives to realise its ten-year vision to ha…
ATLANTA, Ga. – Tire makers traditionally look for ways to ensure their products maintain air, but Bridgestone Americas is looking to remove air from the equation entirely.
The company was showcasing the concept version of an air-free commercial truck t…
Steering a Mack Anthem will be a smoother experience than ever with the introduction of the optional Mack Command Steer.
Available by June, the advanced active steering system adds an electric motor to the existing hydraulic steering system, reducing …
Mack Anthem daycabs can now come with the SmartWay certification through the U.S. Environmental Protection Agency.
“EPA in the last year or so introduced daycabs as part of the SmartWay,” explains Stu Russoli, Mack highway product manager.
Models reco…
A stranded car which had been swept onto a rugby pitch during the Storm Dennis floods had to be removed by a crane.
The white Mercedes 4×4 was lifted by the force of the flood and lifted over barriers onto Bedwas RFC’s[1] The Bridgefield.
The club itse…
WINNIPEG, Man. – Class 1 driver training schools in Western Canada are applauding the federal government’s implementation of a national training standard, but at the same time would like to see improvements.
Vanessa Morduhovich, director of Buffalo Dri…
The man found dead in a refuse lorry in south London on Monday was in a vehicle owned by Biffa, the company has confirmed.
A Biffa statement said: “We can confirm that a body was discovered in a Biffa vehicle on 25 February 2020 in south London.
“We …
ABP has announced that in November 2019, it handled the largest quantity of construction aggregates ever to pass through the Port of Ipswich in one month, making 2019 a record-breaking year for the port’s role in supporting the UK construction industry…
Your retirement is safe in the hands of Warren Buffett.
At least that’s the message former hedge-fund manager Whitney Tilson, who now runs Empire Financial Research, has for investors approaching their golden years, according to a note published by ValueWalk this week.
In fact, Tilson touts Buffett’s Berkshire Hathaway BRK.B, -1.44% as the “No. 1 Retirement Stock in America” for many reasons.
“Importantly for all investors — and especially retirees — it’s incredibly safe,” he explained. “It’s an incredible collection of high-quality businesses, run by the greatest investor of all time, and has the ultimate Fort Knox balance sheet.”
Here’s a table of Berkshire’s top holdings, which include “high-quality businesses” such as Apple AAPL, -2.60% , Bank of America BAC, -4.67% and Coca-Cola KO, -1.29% , to name just a few:
Tilson wrote that the stock is actually cheap, trading at a discount of more than 20% to his conservative estimate of its intrinsic value.
“While Berkshire may not be as cheap today as it has been during times of market extremes,” Tilson told investors, “it’s still extremely attractive in light of the fact that we’re more than a decade into a complacent bull market, in which most stocks are trading at full (if not overly full) valuations.”
He prefers it to “safe haven” alternatives like low-yielding bonds and fully-valued blue chips. “This is one of the very best times to buy Berkshire,” he said.
Tilson also pointed to the fact that Buffett is signaling that more share repurchases are on the way, a trend illustrated in this chart:
“In his annual letter, Buffett is clear that he’s looking to buy back a lot more (he’s never before been so specific about who shareholders should call if they want to sell their stock to the company),” Tilson said, adding that he believes Buffett will “back up the truck” if the stock drops enough from this level.
Berkshire Hathaway has gotten a bit cheaper this week, along with much of the broader market. At last check, the stock was down less than 1% at $220.08, while the Dow Jones Industrial Average DJIA, -2.81% was extending Monday’s drop.
Motorists are being urged to avoid a busy Stoke-on-Trent road this afternoon after a lorry got stuck under a bridge.
The incident happened shortly before 3pm this afternoon (Tuesday, February 25) on Anchor Road, Longton.
The road is currently closed in…
NEW YORK, N.Y. — NFP Canada Corp., an insurance broker serving the needs of the trucking industry, is unifying its Canadian businesses under the “NFP” brand, further integrating acquired brokerages.
The company announced Tuesday that several of its Can…
Having enjoyed a long-standing relationship with Chiltern since its inception in 1993, Gray & Adams was thrilled to be approached to build it’s100th trailer.
Chiltern Distribution specialises in innovative transport solutions for frozen, chilled an…
By Gavin van Marle
25/02/2020
Uber Freight is bringing the rating system, pioneered on its ride-sharing app, to the European road freight industry.
A new feature on the platform could see operators of road freight warehouse and distribution facilities…
Four British men accused of smuggling 29 people have been jailed in the UK. The men received sentences totaling 16 years between them for their part in sailing the migrants from France to the UK.
It’s a gray morning in Newlyn Harbor in Cornwall, south-…
A big rig driver is charged with DUI in connection to a crash just south of Sonoma. California Highway Patrol arrested the driver yesterday morning for the crash along Highway 12 in the Schellville area. Police say he was under the influence of alcoh…
