Although they beat the street .43, looking for .26. They said:
The operating results in the second quarter reflect our businesses’ emphasis on reducing costs and maximizing productivity,” said Timothy R. Wallace, Trinity's Chairman, CEO, and President. “We anticipate a more challenging operating environment going forward as our new order volume is not keeping pace with completion of orders in our railcar and barge backlogs. We continue to concentrate on cost reductions, maximizing efficiencies in our facilities, and aggressively pursuing new orders.”
Debt levels are also very low and the impairment charge is insignificant. From my perspective, this is heading to new highs sooner than later. CC was most reassuring. Investors should rejoice at the opportunity to hold this company.
Management is doing a fine job. There are no sales to be made. Rail cars are mothballed all over the place, wind energy is dead at these oil prices and the stimulus money means nothing to TRN. Management has trimmed cost to squeeze profits from existing orders and that will continue through the next quarter. The longer range plan is hope for a meaningfull recovery. You are buying or holding this stock if you think the recovery is here. You are avoiding or selling this stock if you think this economy is in a prolonged downturn.
Don't take things so personally. I don't much care for the derisive tone of referring to buyers who see the share price drop as "bagholders" but he made a lucky trade and good luck to him. I also got lucky but am not happy to see the share price drop or that others may be underwater. I am going to be a bit cautious now with the fairly negative comments by the CEO in the recent earnings announcement but think some good buying opportunities are on the near term horizon. Good luck longs.
Talk about a hypocrite or someone who just talks to hear himself. You loved the stock. You were not concerned with the CEO's bad news. But, you sold this AM to a "bagholder".
Yahoo created the ignore list for people like you.