Great chance to avg. down, if that is the case. Still, I believe this company is not a trade its an investment. I believe it will be a lot higher in the future ( 1 year or so ), than it is now. I do not believe it is going anywhere. Buy price is set at $45.00 to buy more, as I think $40.00 may be to low. Nice divi., to wait. All IMO.
Your going to get a chance at lower prices this POS is not done going down.
I'm actually more into them, have both ARII and GBX....they will both have good business at least for the forseeable future.
But, my basis is lower for both...about even here and still up around 20 % on GBX....I think playlist is right..just a bit out of favor now...but making money always comes back in favor.
one thought I have, based on experience....selling when something gets back to even....often is the wrong time...that is when they go higher (have about 6 personal examples of doing that...to my dismay)
The transports are out of favor right now, look at the airlines along with the rails. ARII is one of the worst of bunch in terms of price action. GBX holding up better which is surprising. Your gonna have to wait out for the sentiment to change. It could take a bit of time but the move upward should be pretty swift. Just seems to be the way it goes. sizable loser for me as well. But i will hold long term.
Tracking down with oil. Bought this based on recommendation from Absolute Capital service and it has been my biggest loser this year. I have since cancelled the service and will sell this pig as soon as possible. This stock is hated right now and no momentum at all.IMO
Well, I think it's safe to say that he'll own more of it at the end of the day than he did yesterday. My supposition is that he will eventually own all of it.
ARII is still a very cheap when compared to its peers like RAIL and GBX. Much lower P/E and a higher dividend yield.
I am also surprised that Icahn hasn't bought out the entire company while it is still very cheap. I know he tried to buyout GBX a few years ago too.
I agree. The increase in margin from 22.4% to 28.2% was important. But it's interesting to see how the headlines automatically report a "miss" and how dumping a few thousand shares in at the market can spook the retail investors.
Profit was there and much improved margins. I like what ARII is doing. The drop today makes no sense what so ever. I wouldn't be surprised if ARII heads higher today (may even go green) and closes around $58 tomorrow.
ARII has a nice yield, profitable, improving margins, and a huge backlog.
Since Icahn controls this company, the share price will be whatever he wants it to be. The "miss" on revenues is a joke. Basically, Icahn has decided that there's more money in leasing railcars than in selling them, and is therefore diverting more and more of the output to their own lease fleet. This has the effect of reducing revenues, since the revenue is now recognized over the life of the lease rather than at the time of sale. It also pushes the income out over the succeeding years. This only makes sense if you are eventually going to change the company into one which pays substantially higher dividends. In the meantime, note that the post-earnings plunge this am was on very light volume. Perhaps Carl threw a few thousand shares in at the market, taking out the few underlying buy orders and will now buy back the mispriced shares at leisure.
This stock has been garbage for the past six months, 5% is actually not a bad day for this one considering it routinely goes down 3%