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EXPEDITORS 875272 - Eine Logistil - Wachstumsperle

eröffnet am 12.02.07 14:52:28 von
spaceistheplace

neuester Beitrag 18.02.09 13:33:04 von
spaceistheplace
Beiträge: 34
ID: 1.111.383
Aufrufe heute: 0
Gesamt: 7.289


Beitrag schreiben Ansicht: Normal
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spaceistheplace
schrieb am 12.02.07 14:52:28
Beitrag Nr. 1 (27.660.203)
Hallo,

ich bin seit Längerem in diesen Logistik-Wert investiert und hoffe, dass hier eine Diskussion zu Stande kommt.
Expeditors glänzt schon seit Jahren mit hohen Wachstumsraten von über 20% per anno und dieser Trend hält auch in Zukunft an. Mit einem 2007er KGV von rd. 34 zwar hoch bewertet, jedoch bei den Wachstumsraten gerechtfertigt. Vgl. nur Starbucks, seit Jahren für Analysten überbewertet, aber sie steigen kontinuierlich weiter...

Morgen kommen vorbörslich die Quartalszahlen. Nachdem C.H. Robinson vor einigen tagen tolle zahlen gemeldet hat, tippe ich auch bei EXPD auf eine Überraschung....mal sehen...

Vielleicht kommt ja hier ne Diskussion zu Stande, wäre toll.

Gruss space
Avatar
spaceistheplace
schrieb am 13.02.07 16:42:20
Beitrag Nr. 2 (27.684.236)
da lag ich wohl gestern mit meinem Tipp voll daneben...heute gehts mächtig nach Süden..

Expeditors profit slips, sending shares lower

SAN FRANCISCO (MarketWatch) - Expeditors International of Washington Inc. saw its shares plunge more than 12% in early trading Tuesday after the shipping company blamed a "blowout" fourth-quarter a year ago for its lower-than-expected earnings in the recent period.
At last check, Expeditors shares were down $4.41, or 10.1%, at $39.26.
The Seattle-based company reported a fourth-quarter profit of $62.6 million, or 28 cents a share, down from $74.3 million, or 34 cents a share, a year earlier. The year-ago period included a tax benefit of $21.7 million, or 10 cents a share.
Analysts polled by Thomson Financial had expected a profit, on average, of 31 cents a share.
Revenue rose 13% to $1.24 billion from $1.10 billion a year ago. Sales on the airfreight side, the company's biggest division, jumped to $618 million from $554.6 million last year.
"We'll take these fourth quarter results, particularly given the rather stiff comparisons we were up against," Chairman and CEO Peter Rose said in a statement.
Shawn Langlois is a reporter for MarketWatch, and the editor of its community message boards.
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spaceistheplace
schrieb am 25.04.07 10:10:33
Beitrag Nr. 3 (28.983.462)
Ich möchte heute auf EXPEDITORS aufmerksam machen:
Gestern hat CH Robinson Worldwide, die in der gleichen Branche wie EXPD tätig sind, tolle Ergebnisse geliefert. Nachbörslich zogen sie um 4% an, EXPD machte aber keinen Mucks. Die bekommt man heute praktisch zum Schlusskurs der Nasdaq in Deutschland zu kaufen. Und ich tippe auf nen Anstieg heute in NYC.
Zudem dürfte EXPD aktuell auch generell interessant sein zum Einstieg (siehe Chart unten). Bei rd. 40 Dollar ist ne starke Unterstützung von der wir kaum noch entfernt sind. Klar, es liegt ne hohe Bewertung vor, jedoch sind auch die perpektiven bestens. in den nächsten 5 Jahren werden rd. 20-25% Gewinnwachstum per anno prognostiziert.

Gruss space

Hier erstmal der Kurzfristchart (2 Jahre):





Der Langfristchart ist eh fast nicht zu überbieten!





Avatar
spaceistheplace
schrieb am 03.05.07 07:19:06
Beitrag Nr. 4 (29.105.392)
gute zahlen von EXPD:

Expeditors Announces Net Earnings Increase of 13%



Last Update: 5:59 PM ET May 2, 2007


SEATTLE, May 02, 2007 (BUSINESS WIRE) -- Expeditors International of Washington, Inc. today announced net earnings of $59,288,000 for the first quarter of 2007, compared with $52,352,000 for the same quarter of 2006, an increase of 13%. Net revenues for the first quarter increased 12% to $334,136,000 as compared with $298,142,000 reported for the first quarter of 2006. Total revenues and operating income were $1,118,946,000 and $94,525,000 in 2007, compared with $1,026,537,000 and $85,401,000 for the same quarter of 2006, increases of 9% and 11%, respectively. Diluted net earnings per share for the first quarter were $.27 as compared with $.24 for the same quarter in 2006, an increase of 13%. The company also reported that same store net revenues and operating income increased 12% and 11% respectively, during the first quarter of 2007 as compared with the same period in 2006.
"We were quite gratified to report double-digit growth in the first quarter of 2007," said Peter J. Rose, Chairman and Chief Executive Officer. "We've known this was going to be a difficult quarter since we reported last year's first quarter results -- we were up 70% over 2005. For us, that old adage about last year's victory being this year's hurdle has never been more true. These were the toughest year-over-year comps that we've ever faced, and thanks to the consistent efforts of our employees, we think we've come through just fine," Rose continued.
"This first quarter of 2007 was actually quite challenging, aggressive comparables aside. As expected, March was the strongest month of the quarter -- and was a record March. Ocean volumes were good, despite a softer pricing environment as compared with the first quarter of 2006. Our air product did just fine, from both an increased tonnage and yield management perspective and the brokerage group, as they typically do, made steady progress. All this in what could have been regarded as a somewhat tougher general environment than we saw during last year's first quarter," Rose explained. "However, we do measure our internal progress by how well we do at achieving our own expectations. Regardless of what might, or might not, be going on in the global economy, we always expect to do a little better this year than we did last year. Our first quarter results, on a net earnings basis, were very close to what was reflected in our 2007 budget. Taken in a net earnings context, we've nearly doubled our first quarter profitability since 2005 and we think that we've managed that growth pretty well. Finally, we'd be remiss in closing without publicly thanking our employees for their outstanding efforts and our customers, our vendor/partners, and our shareholders for their support. Thank you one and all!" Rose concluded.
Expeditors is a global logistics company headquartered in Seattle, Washington. The company employs trained professionals in 172 full-service offices, 60 satellite locations and 5 international service centers located on six continents linked into a seamless worldwide network through an integrated information management system. Services include air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution and other value added international logistics services.
Expeditors International of Washington, Inc.
Financial Highlights
Three months ended
March 31, 2007
Unaudited
(in 000's of US dollars except share data)

Three Months Ended
--------------------------
2007 2006 % Increase
------------ ------------ ----------
Revenues $ 1,118,946 $ 1,026,537 9 %
Net revenues $ 334,136 $ 298,142 12 %
Operating income $ 94,525 $ 85,401 11 %
Net earnings $ 59,288 $ 52,352 13 %
Diluted earnings per share $ .27 $ .24 13 %
Basic earnings per share $ .28 $ .25 12 %
Diluted weighted average shares
outstanding 222,842,546 222,560,098
Basic weighted average shares
outstanding 213,428,221 213,422,478


All share and per share amounts have been adjusted for the 2-for-1 stock split effective June 2006.
Certain 2006 amounts have been reclassified to conform to the 2007 presentation.
Offices opened during the First Quarter of 2007
----------------------------------------------------------------------
ASIA LATIN AMERICA MIDDLE EAST
---------------------- ---------------------- ----------------------
Hangzhou, China (a) Guatemala City, Doha, Qatar (a)
Guatemala (a)
Chongqing, China
(a)(b)
Batam, Indonesia (c)

(a) Full-service (a) Full-service (a) Full-service
office office office

(b) Chongqing was
previously a
satellite office of
Shanghai.

(c) Satellite office
of Singapore


Investors may submit written questions via e-mail to: investor@expeditors.com or by fax to: (206) 674-3459
Questions received by the end of business on May 4, 2007 will be considered in management's 8-K "Responses to Selected Questions" expected to be filed on or about May 14, 2007.
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In thousands, except share data)
(Unaudited)

March 31, December 31,
Assets 2007 2006
------------------------------------------- ----------- ------------

Current assets:
Cash and cash equivalents $576,816 $511,358
Short-term investments 530 578
Accounts receivable, net 750,938 811,486
Deferred Federal and state income taxes 7,386 7,490
Other current assets 15,723 10,925
----------- ------------
Total current assets 1,351,393 1,341,837
----------- ------------

Property and equipment, net 455,835 450,856
Goodwill, net 7,927 7,927
Other intangibles, net 7,254 7,584
Other assets 14,390 14,134

----------- ------------
$1,836,799 $1,822,338
=========== ============
Liabilities and Shareholders' Equity
-------------------------------------------

Current liabilities:
Short term borrowings 224 -
Accounts payable 513,598 544,028
Accrued expenses, primarily salaries and
related costs 138,454 122,081
Federal, state and foreign income taxes 33,406 43,036
----------- ------------
Total current liabilities $685,682 $709,145
----------- ------------

Deferred Federal and state income taxes $32,996 $26,743

Minority interest $16,594 $16,515

Shareholders' equity:
Preferred stock, par value $.01 per share.
Authorized 2,000,000 shares; none issued -- --
Common stock, par value $.01 per share.
Authorized 320,000,000 shares; issued
and outstanding 213,351,763 shares at
March 31, 2007 and 213,080,466 shares
at December 31, 2006 2,134 2,131
Additional paid-in capital 90,238 119,582
Retained earnings 993,346 934,058
Accumulated other comprehensive income 15,809 14,164
----------- ------------
Total shareholders' equity 1,101,527 1,069,935
----------- ------------
$1,836,799 $1,822,338
=========== ============


EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(In thousands, except share data)
(Unaudited)

Three months ended
March 31,
2007 2006
------------- -------------
Revenues:
Airfreight $ 517,205 $ 490,998
Ocean freight and ocean services 375,202 344,659
Customs brokerage and other services 226,539 190,880
------------- -------------
Total revenues 1,118,946 1,026,537
------------- -------------

Operating expenses:
Airfreight consolidation 389,644 380,581
Ocean freight consolidation 298,891 270,879
Customs brokerage and other services 96,275 76,935
Salaries and related costs 182,761 160,974
Rent and occupancy costs 16,667 15,668
Depreciation and amortization 9,575 8,053
Selling and promotion 9,096 7,957
Other 21,512 20,089
------------- -------------
Total operating expenses 1,024,421 941,136
------------- -------------

Operating income 94,525 85,401
------------- -------------

Interest expense (14) (27)
Interest income 5,219 4,274
Other, net 755 1,667
------------- -------------
Other income, net 5,960 5,914
------------- -------------

Earnings before income taxes and minority
interest 100,485 91,315

Income tax expense 41,160 37,052
------------- -------------
Net earnings before minority interest 59,325 54,263
------------- -------------

Minority interest (37) (1,911)
------------- -------------
Net earnings $ 59,288 $ 52,352
============= =============

Diluted earnings per share $ 0.27 $ 0.24
============= =============

Basic earnings per share $ 0.28 $ 0.25
============= =============

Weighted average diluted shares
outstanding 222,842,546 222,560,098
============= =============

Weighted average basic shares outstanding 213,428,221 213,422,478
============= =============

All share and per share amounts have been adjusted for the 2-for-1
stock split effective June 2006.

Certain 2006 amounts have been reclassified to conform to the 2007
presentation.


EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.
AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)

Three months
ended
March 31,
2007 2006
-------- --------
Operating Activities:
Net earnings $59,288 $52,352
Adjustments to reconcile net earnings to net cash
provided by operating activities:
Provision for losses on accounts receivable 514 (154)
Deferred income tax expense 5,468 6,280
Excess tax benefits from employee stock plans (16,332) (6,035)
Stock compensation expense 11,460 8,398
Depreciation and amortization 9,575 8,053
Gain on sale of property and equipment (123) (147)
Minority interest in earnings of consolidated
entities 37 1,911
Other 334 1,074
Changes in operating assets and liabilities:
Decrease in accounts receivable 57,701 20,839
Increase in other current assets (677) (473)
Increase (decrease) in accounts payable and
other current liabilities (13,635) 28,852
Increase in taxes payable, net 2,469 17,183
-------- --------

Net cash provided by operating activities 116,079 138,133
-------- --------

Investing Activities:
Decrease (increase) in short-term investments 86 (8)
Purchase of property and equipment (13,438) (21,499)
Proceeds from sale of property and equipment 379 178
Other (340) (206)
-------- --------

Net cash used in investing activities (13,313) (21,535)
-------- --------

Financing Activities:
Borrowings of short-term debt, net 220 -
Proceeds from issuance of common stock 15,266 5,507
Repurchases of common stock (72,398) (26,960)
Excess tax benefits from employee stock plans 16,332 6,035
-------- --------

Net cash used in financing activities (40,580) (15,418)

Effect of exchange rate changes on cash 3,272 2,614
-------- --------

Increase in cash and cash equivalents 65,458 103,794

Cash and cash equivalents at beginning of period 511,358 463,894

Cash and cash equivalents at end of period 576,816 567,688
======== ========

Interest and taxes paid:
Interest 11 24
Income taxes 33,033 12,675

Certain 2006 amounts have been reclassified to conform to the 2007
presentation.


EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. AND SUBSIDIARIES
Business Segment Information
(In thousands)
(Unaudited)

Other
United States N. America Far East Europe
------------- ----------- ----------- -----------
Three months ended
March 31, 2007

Revenues from
unaffiliated
customers $ 245,725 28,086 602,031 156,379
Transfers between
geographic areas $ 22,498 1,978 3,980 7,761
------------- ----------- ----------- -----------
Total revenues $ 268,223 30,064 606,011 164,140
============= =========== =========== ===========

Net revenues $ 135,467 14,700 93,153 56,027
Operating income $ 28,063 2,729 44,884 10,151
Identifiable
assets at quarter
end $ 878,559 62,270 395,634 361,557
Capital
expenditures $ 8,705 324 1,333 1,385
Depreciation and
amortization $ 5,169 331 1,375 1,737
Equity $ 1,239,866 29,120 285,593 126,658
------------- ----------- ----------- -----------

Three months ended
March 31, 2006

Revenues from
unaffiliated
customers $ 217,757 28,404 558,759 141,099
Transfers between
geographic areas $ 25,442 1,730 3,683 7,325
------------- ----------- ----------- -----------
Total revenues $ 243,199 30,134 562,442 148,424
============= =========== =========== ===========

Net revenues $ 124,233 14,705 82,813 49,337
Operating income $ 24,572 3,339 41,283 10,570
Identifiable
assets at quarter
end $ 858,480 53,528 334,631 301,741
Capital
expenditures $ 17,186 97 2,754 714
Depreciation and
amortization $ 4,068 351 1,190 1,536
Equity $ 1,070,416 20,233 245,513 85,066
------------- ----------- ----------- -----------

Australia/
New Latin Middle
Zealand America East Eliminations Consolidated
---------- -------- ------- ------------ ------------
Three months
ended
March 31, 2007

Revenues from
unaffiliated
customers 14,783 19,371 52,571 1,118,946
Transfers
between
geographic
areas 1,697 2,506 3,423 (43,843) -
---------- -------- ------- ------------ ------------
Total revenues 16,480 21,877 55,994 (43,843) 1,118,946
========== ======== ======= ============ ============

Net revenues 8,927 9,795 16,067 334,136
Operating income 2,404 2,052 4,242 94,525
Identifiable
assets at
quarter end 27,678 38,209 75,262 (2,370) 1,836,799
Capital
expenditures 694 495 502 13,438
Depreciation and
amortization 200 400 363 9,575
Equity 17,169 17,481 36,299 (650,659) 1,101,527
---------- -------- ------- ------------ ------------

Three months
ended
March 31, 2006

Revenues from
unaffiliated
customers 12,354 16,153 52,011 1,026,537
Transfers
between
geographic
areas 1,409 1,893 2,382 (43,864) -
---------- -------- ------- ------------ ------------
Total revenues 13,763 18,046 54,393 (43,864) 1,026,537
========== ======== ======= ============ ============

Net revenues 7,401 7,231 12,422 298,142
Operating income 1,981 1,274 2,382 85,401
Identifiable
assets at
quarter end 22,222 28,199 55,011 2,398 1,656,210
Capital
expenditures 237 323 188 21,499
Depreciation and
amortization 198 365 345 8,053
Equity 12,283 12,305 24,269 (495,771) 974,314
---------- -------- ------- ------------ ------------

Certain 2006 amounts have been reclassified to conform to the 2007
presentation.


SOURCE: Expeditors International of Washington, Inc.
Expeditors International of Washington, Inc. Chief Financial Officer R. Jordan Gates, 206-674-3427 Copyright Business Wire 2007 ********************************************************************** As of Saturday, 04-28-2007 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DOWNTREND on 02-13-2007 for EXPD @ $40.09. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.
Avatar
spaceistheplace
schrieb am 09.05.07 07:51:25
Beitrag Nr. 5 (29.223.580)
Expeditors CFO Exercises Options
Tuesday May 8, 11:34 am ET
Expeditors International CFO R. Jordan Gates Exercises Options for 20,000 Shares


NEW YORK (AP) -- The chief financial officer of logistics provider Expeditors International of Washington Inc. exercised options for 20,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Monday, R. Jordan Gates reported he exercised the options Friday for $17.15 and then sold all of them on the same day for $45 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Expeditors International is based in Seattle, Wash.


Avatar
spaceistheplace
schrieb am 25.05.07 12:32:09
Beitrag Nr. 6 (29.464.921)
Hallo zusammen,

ich melde mich jetzt schon mal für 2 Wochen ab, ich bin ab Morgen mal in Urlaub nach dem ganzen Börsenstreß und werde keinen Zugriff auf WO oder auch mein Depot haben. Ich habe auch keinerlei stop-losses oder so ein Zeugs gemacht, warum auch....
Also machts gut, bis dann...

Gruss space
Avatar
Larry.Livingston
schrieb am 08.08.07 09:14:33
Beitrag Nr. 7 (31.073.995)
Expeditors International Of Washington Q2 EPS Rises 20%, In Line With Estimates - Update [EXPD]

8/7/2007 11:30:09 AM Tuesday, The Seattle, Washington- based provider of logistics services Expeditors International of Washington, Inc. (EXPD) announced a 20% increase in earnings per share, in line with the analysts' consensus for the second quarter compared to last year.

Quarterly net earnings climbed 16% to $65.489 million from $56.329 million a year ago. Diluted net earnings per share stood at $0.30, compared to $0.25 in the prior year. On average, 13 analysts polled by First Call/Thomson Financial expected the company to earn $0.30 per share.

Net revenues for the quarter increased 12% to $354.574 million from $315.687 million last year. Operating income recorded an increase of 15% to $101.738 million, compared with $88.803 million in the prior year.

On a segmental basis, Airfreight revenue increased to $564.471 million from $545.273 million a year ago. Ocean freight and ocean services segment contributed $450.431 million compared to $380.280 million in the previous year. Customs brokerage and other services revenue increased to $243.716 million from $205.888 million in the prior year.

For the first six months, net earnings increased 15% to $124.777 million from $108.681 million a year ago. Diluted net earnings per share for the period came in at $0.56, up 14% from $0.49 in the previous year.

The company posted a 12% increase in net revenue for the first six-month period to $688.710 million from $613.829 million in the prior year. Operating income for the first half of the full year stood at $196.263 million, up 13% from $174.204 million last year.

EXPD is currently trading at $47.69, up $0.70 or 1.49% on a volume of 486K shares.
Avatar
spaceistheplace
schrieb am 08.08.07 15:22:04
Beitrag Nr. 8 (31.080.158)
Antwort auf Beitrag Nr.: 31.073.995 von Larry.Livingston am 08.08.07 09:14:33Larry, danke für die Ergebnisse, sind nicht schlecht. di haste auf Deiner watchliste, gell? Bewertung ist immer noch sehr hoch.
Gutes Unternehmen, keine Frage, aber vielleicht doch auch zyklisch, oder?

Gruss space
Avatar
Larry.Livingston
schrieb am 08.08.07 15:26:02
Beitrag Nr. 9 (31.080.236)
Antwort auf Beitrag Nr.: 31.080.158 von spaceistheplace am 08.08.07 15:22:04Oja habe ich! ;)
Ich kann mir schon vorstellen das die Branche eher zyklisch ist, allerdings ist Expeditors Marktanteil noch so klein, dass ausreichend Platz für Expansion da sein dürfte.
Avatar
spaceistheplace
schrieb am 08.08.07 15:48:31
Beitrag Nr. 10 (31.080.728)
Antwort auf Beitrag Nr.: 31.080.236 von Larry.Livingston am 08.08.07 15:26:02ja, EXPD kann sicherlich expandieren. Ölpreis ist natürlich asuch negativ, die Bewertung ist mir einfach zu hoch KGV bald 40, das ist mir einfach zu viel des Guten. ich könnte mir gut vorstellen, dass die Aktie mal länger seitwärts geht.
Muss nicht sein da einzusteigen.

Gruss space




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