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FreightCar America Inc. Message Board

  • coalification00 coalification00 Feb 21, 2013 11:22 AM Flag

    WARN notices to employees and not building tank cars.

    So they've issued warn notices to the people in Danville, Il that they are anticipating layoffs due to lack of sales. Then, they're spending 23 million dollars to make more dry freight carriers that is market saturated. And, no tank cars in mix which is where everyone else is making money in this business. They are a day late and a dollar short at this point as is. Dead money headed to new lows in my opinion.

    Sentiment: Strong Sell

 
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