Tuesday, June 12, 2007

hydrogen investing

HQUANT Launches Lodging Derivative Index

MANHATTAN/ITHACA, N.Y. | HQuant LLC today announced at the Morgan Stanley CMBS New Products Conference in Manhattan, the introduction of the HQuant Lodging Index (HLI), a new sophisticated investment tool for investors who wish to participate in the future performance of the hotel industry without investing in the underlying real estate. The HQuant Lodging Index, the first of its kind, will provide detailed information on seasonally adjusted hotel average daily rates (ADR) based on data collected on more than 3 million U.S. hotel rooms, or approximately 68 percent of the nation's total.

The HQuant Index will enable traders to buy and sell derivative contracts tied to the performance of the U.S. lodging industry. A number of major trading groups have expressed interest in subscribing to the index service.

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Covenant Transport Revenue Up, But Has Net Loss For Quarter

Covenant Transport, Inc. (Nasdaq: CVTI) announced today financial and operating results for the quarter ended March 31, including a rise in revenue but a net loss.

Additionally, the company announced a proposed name change for the Nevada-based holding company from Covenant Transport, Inc. to Covenant Transportation Group, Inc.

For the quarter, total revenue increased 9.8%, to $166.4 million from $151.5 million in the same quarter of 2006.

Freight revenue, which excludes fuel surcharges, increased 10.9%, to $143.5 million in the 2007 quarter from $129.4 million in the 2006 quarter. The company measures freight revenue because management believes that fuel surcharges tend to be a volatile source of revenue and the removal of such surcharges affords a more consistent basis for comparing results of operations from period to period.

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A case study on a construction contract (7)

I may apply to Guinness (not the beverage company, I mean the book of records) because my article series is approaching two-digit numbers. This may be the longest legal article series in the world, who knows? I will continue without interruption, otherwise we will never be able to finish.

Yesterday I wrote, 鈥淟et's see if Mr. False Contractor picked up the phone or just ran away" -- thank you for reading my corner again today.

Of course Mr. False Contractor did not run away (well, not yet). First he has to make some money. He picked up the phone and talked to Mr. Investor. He reminded Mr. Investor that the construction period is 18 months as this is clearly stated in the contract, he and also mentioned how much he wants to finish this project and go ahead with other projects along with Mr.