I agree that current earnings support a much lower stock price, but long term it's a bad call to bet against this stock. If you really want to average down wait till the stock price is back in the single digits which is very possible over the next year.
you need to look at JG3 for the insider buys and sells- durnig May they have been jumping off the ship like dancing chickens- way to many sells by the exectives
Filer's Name Relation Title
Rice S Theis Vice President Mcwhirter William A Sr. VP & CFO Lee John M Vice President Cowan Andrea F Vice President Menzies Stephen D Senior Vice President Stiles Mark W Senior Vice President Cowan Andrea F Vice President Lee John M Vice President Menzies Stephen D Senior Vice President Andrews Madhuri A VP of IT Collum Donald G VP & Chief Audit Executive Mcwhirter William A Sr. VP & CFO Henderson Mary E Corporate Controller Jolas Paul M VP Dep Genl Counsel & Secty Wallace Timothy R Chairman, CEO & President Perry James E VP, Finance & Treasurer Stiles Mark W Senior Vice President Mcwhirter William A Sr. VP & CFO Lee John M Vice President
Be careful Ken. These prices are beggining to reflect future earnings. Analysts have forcast virtually no earnings for the next couple of quarters. Wallace and Company did not offer any guidance at the recent conference call. It seems as though management would offer some guidance if the situation were any better than analysts assumptions. Why would they allow the stock to take an uneccessary beating? I bet that management knows things are even a bit worse than expectations and everybody else is beginning to find out. I think TRN slides from here as smart money gets out of this stock. This is the wrong time for TRN. Good luck.