As of today there are 12,362,500 TRN shares short. With current trading volume it will take approximately 42 days to cover. It's a perfect setup to initiate shorts margin call and force them to cover. Without any doubt shorts are Trapped! I smell shorts burn...
Hello, The stimulus bill is hundreds of pages long but this is what appears to be the case: Solar and Wind gets 11.8 billion over two years and Solar gets more than wind. (WSJ 03/20/09). All transit and mass transit: 46 billion over 10 years. Modernize Federal Buildings: 31 Billion over ten years. Water Projects: 6 billion over 10 years. (economy.about.com)That appears to be all of the infrastructure spending or alternative energy spending that could benefit TRN. Most of the Stimulus Package is allocated to Social Programs. Relief for Families: 260 bil, Health Care: 139bil, Education (grants-not buildings) 117bil, Small Biz: 54bil, Sci & Tech: 18bil. Add them up and you get close to 787 billion pretty quickly.
I was not pleased with our Construction Products Group’s financial performance during the first quarter. It was affected by the economic slowdown and some abnormally high material costs that this group carried over from last fall. We worked off the higher material costs in our first quarter shipments and this should not be a factor in the future. We are hopeful our highway products related businesses will benefit from the infrastructure portion of the economic stimulus bill. Until that occurs or the economy improves, we expect these businesses to have lower than normal business activity and profitability
According to shortsqueeze, it would take 8 days. Shorts probably have covered some already so the number would be even smaller. However, the fundamentals of the company are good I think and that alone should see this company at 18-20 in 3-6 months hopefully.