Sometimes I think this message board will not entertain ideas about TRN that are not bullish. TRN price is sliding. Volume for the last couple of weeks has been low in the markets but especially low in TRN. Today about 50% of trailing three months for S & P and about 34% trailing three months for TRN. It is true the market is skittish, investors are wary. But TRN's relative volume is LOWER that the market as a whole and still there are not enough buyers to support the price. We can clearly see falling backlog in Wind Towers, Rail Cars and Barges. The "Stimulus" will not stimulate TRN's businesses. Look the bill over, there is hardly anything that might benefit TRN. Long term TRN is probably a good place to be, but the next year will present more buying opportunites at much better prices. Watch the price slide as we approach the next earnings date. Don't wait for big money to take your money. Get out now and wait for a cheaper entry point.
The way things are going, I would not predict if Trinity will be cheaper next year. This year is still a long way to go and anything can happen. There are a few things already to Trinity's advantage (low PE, diversification, good mgmt, upgrade, green products etc) which will certainly push the stock upwards once the bull market starts. I believe the market is going up in the next 1 year, and based on that, I think Trinity will go up. I dont see your logic playing out.
Volatility is your friend. Golden opportunity today to pick up more at low 14s but I was fully in. I stuck by my previous prediction and sold at 15.40 It took a day longer than I predicted because I forgot about Memorial Day. Still have a long position to hold onto. Good luck longs.
09146KK3TF Cash Sell 1,000 shares TRN at 15.4 Limit Day 05/26/09 Filled
05/26/09 10:35 Filled 100 at 15.4 05/26/09 10:35 Filled 200 at 15.4 05/26/09 10:35 Filled 700 at 15.4