Board members get millions for "sitting" on the board. In Carl owned GBX their gravy train would be OVER! That is why, it's short and simple. The board was NEVER interested in shareholders, just in getting your money.
Carl is negotiating as we write and read. If there is a deal to be done it will done by Monday or not at all. The lawsuits have already commenced. GBX management has open the door for a lot problems if no deal is reached by Monday.
Just my opinion after observing Icahn for a number of years.
Monday is a non-issue as it is the day before Christmas and trading ends at noon. Most big traders will not be working. Also, fiscal cliff issues will determine the direction af all stocks in the near term. I really think GBX is a long term buy. Sometime after the first of the year, the fiscal issues will be resolved and stocks will resume normal trading. When that happens, GBX will go back to $20.
Buy some and buy more if it goes down.
Paragraph above is what will happen. What I am hoping for is the Board at GBX makes a deal with Carl on Sunday night and sells the company for $24 per share and we all have a Merry Christmas!!!.