The Company manufactures and sells railcars and railcar parts, inland barges, concrete and aggregates, highway products, beams and girders used in highway construction, tank containers and structural wind towers.
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The Company manufactures and sells railcars and railcar parts, inland barges, concrete and aggregates, highway products, beams and girders used in highway construction, tank containers and structural wind towers.
They just announced their Q3 dividend payment of $.08 a share on Oct. 30, to holders as of Oct 15. This is their 182nd consecutive dividend. While this is only about 1.8% at the current price, it is still paying you to hold for long term profits in the 45% to 90% range.
Their 52 week high was $26.57, but their 56 week high was about $35.00.
Their current assets to current liabilities run about 2 to 1, and their total assets to total liabilities are about 1.7 to 1.
Due to the nature of their business (manufacturing), they do have a substantial amount of debt, but it is not out of line, and is reasonably manageable.
They have cash of about $440M.
Their tangible NW is about 60% of their total liabilities.
They showed a loss of about $200M for the 2nd Q, but this was due to a write down of goodwill from $504M to $180M ($325M).
Since I am in at about $10.00, I am doing great, but it is still a good longer term buy at the current price of about $18.00, and does dip down from time to time to allow for a lower buy in for those who might want to buy in, in steps.
It might also be one to put into your Watch List, in case the "Bears" are correct and we are in for a good size downturn in the market for the intermediate term. That could give you an even better entry point.
There are many areas they could benefit from with economic recovery because they are into several sectors.
The last two analyst's recommendations were buy, but those were back in mid year.Tthere have been no downgrades.
This is not a short term trader stock, unless you are the greatest ever at timing market moves; but it is a good solid stock for the longer term investor.
As always, this is JMO and worth exactly what I am charging for it.
Excellent write-up. TRN is one of my personal favorites. I started buying 2 years ago at $24... watched it go up to $45, and then retreat to $7 during the panic. When it was sub $10... i was selling everything in my house to buy more. I love this company, and will hold it for a long long time. They do so many things well, and over the long run they will please a lot of people with their profits and returns.
Excellent write-up. TRN is one of my personal favorites. I started buying 2 years ago at $24... watched it go up to $45, and then retreat to $7 during the panic. When it was sub $10... i was selling everything in my house to buy more. I love this company, and will hold it for a long long time. They do so many things well, and over the long run they will please a lot of people with their profits and returns.