American Commercial Lines, Inc. (NASDAQ:ACLI)
A marine transportation and service company in the United States, providing barge transportation and related services under the provisions of the Jones Act, as well as the manufacturing of barges, towboats and other vessels.
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I work here. Management has cut costs drastically in the last quarter. Although the 1st and 2nd quarters are always the slowest for inland barge transport, the cost cutting should boost profits alot for the more profitable 3rd and 4th quarters.
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barge manufacturer hurt by floods, also runs 2700 barges, Sam Zell owns 25%, Lisa Hess recommended from Forbes @11
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Boats/barges are one of the cheapest ways to transport goods.
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EQUALFUTURE
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down $5 to $14
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growth at a value price
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Moving from a low margin business (Grain) to a hign margin (Liquid). This will drive future profitablity. Stock buy backs have been announced by the company.
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As the industry grows and changes American Commercial will be a top performer in the changes and growth of the river industry
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this stock is very defensive. The fact that it has a military based duty you should buy. Buy alot though because it plans to split on the 20th of February at a ratio of 2-1
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ACLI operates barges throughout central US and South America. Cheaper transportation in view of high gasoline costs for trucking..
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