Portec Rail Products, Inc. (NASDAQ:PRPX)
CAPS Rating:
The Company manufactures, supplies & distributes a range of rail products, including rail joints, rail anchors, railway friction management products & systems, railway wayside data collection and data management systems and freight car securement systems.
RSS Headlines
Fool UK
Recs
This stock has not bottomed yet. While they were named to the Forbes 100 best small companies list, earnings this year and next are going to be dreadful. It seems that the analyst who covers it no longer makes quarterly predictions, which is always a bad sign. This stock should keep on dropping from here.
hmmm good backlog.... why will earnings be dreadful?
I am interested as to why you think earnings are going to be dreadful as well. I am researching this company, and they seem to be making a lot of intelligent acquisitions and have what appears to be some promising technologies in the works, including an automatic rail lubrication system and rail stress sensor. They have been increasing sales at a steady clip over the last three years, and although 1Q earnings fell short due to acquisition related charges, 2Q results were strong. I just wish I could have gotten in around the time you initiated your bearish rating, after they were punished for their anomalous earnings miss...