This stock is up $2.90 (8.68%) and nobody has anything to say? I can almost understand that there is virtually no pre market or after hours trading but I can't understand this silence when the stock is going up like this.
Somebody is obviously buying in advance of earnings. But this has happened before, and earnings were not more than forecast. Think fundamentals are unchanged and certainly appears like a bargain. Should return to $40 plus, if it reports good earnings and good revenue forecast.
earnings should exceed analyst expectations. no employee stock option adjustment this quarter unless it is to reverse charge they took prior Q. plenty of orders in the pipe, just need to max out production capacity to get back in the 40's.
Icahn owns half the Company as well as two of its largest customers (both private) - he wants to grow (failed GBX) and it wouldn't shock me if at some point this gets taken private. He continues to aggressively add to his lease fleet (ARII at cost plus the aforementioned subs), and the recurring value of that ARII fleet isn't currently in the stock price. Today might have nothing to do with Icahn, but whenever I see sharp moves up in this stock on no news...
There was somewhat bullish commentary yesterday from CSX earnings on crude by rail traffic being so far unaffected by Brent/WTI tightening as well as commentary on 'tight tank fleets'. Too minimal and not ARII specific to garner today's action - my best guess is a big buyer adding ahead of earnings with the tiny $350mm float not big enough to let him in without paying up. Estimates are pretty conservative given the expectation reset after the Q1 miss, so barring negative tank order outlook earnings should be a positive event.