Thursday, May 31, 2012

Investopedia: Kirby Spending Money To Make Money

If a company is going to disappoint the Street and lower its guidance for the year, there are worse reasons than those cited by Kirby (NYSE:KEX) management recently. Part of the shortfall seems to be due to declines in frac activity in the shale gas fields. The other part seems due to accelerated maintenance needs on acquired barges - a circumstance that is disappointing, but doesn't really impact the company's long-term earnings potential all that significantly.

Click here for more:
http://stocks.investopedia.com/stock-analysis/2012/Kirby-Spending-Money-To-Make-Money-KEX-HAL-CMI-CAT0531.aspx

No comments: