Trinity is operating mostly off of the "Backlogs"!
Don't you clowns get it, Trinity is operating mostly off of the Backloged business....hence Q4, 2009'....Wallace/CEO saids:"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".
"the Company expects that earnings in the fourth quarter of 2009 could be near a breakeven level".
Now couple that with, they are having to building cash through selling rail cars at a reduced price...
I'm short into this morning's conference call and looking for TRN to trade between $10.00-$11.00 a share within 2 months!
Rail car industry is saying no recovery in rail cars until the back half of 2011" to 2012'!
You guys know Da_Bid knows shorting TRN, from the last time I rode this down to $7.00 a share.
as far as the wind tower business which everyone knows will be part of the twenty percent of alternative energy of this country usage.the snag is in the transition to the net.I expect this agreement is currently being decided than divided by outside sources.I also believe this decision will be to place the networks outside the single family household like now to more of a micro view which would have the house itself separate the enery sources.this is bigger than ten general motors before they were ambushed by their own blind-sidedness.with a 1.2 billion dollar backlog.he(Wallace) is expecting this backlog will go into the date of new order's which will be tremendous. think college fund for your kids.
That's what people get for putting their emotions ahead of the facts. But I have to add that I don't expect a short term drop below 14. The economy is supposed to improve, isn't it? 20 by year end is not impossible.