There is a big short percentage in GBX. Those convinced that the down rail cycle goes deeper next year are not going to give up easily. Rail data released today however shows another nice data point. If we do not go into recession the next 12 months, GBX has a chance to bounce big on a short squeeze. Shorts liked that despite the good earnings, GBX guided the rest of the year to the lower half of previous projections. $35/share is not an if, but a when.
I stumbled into this ETF because I thought it would be safer and less expensive than a mutual fund and a little more aggressive than my 1.5% CD. It has gone straight up since buying it and barely down on market sell-off days. I know nothing is as easy as it seems but very satisfied with SPLV thus far.
Results should come in fine. Still have solid back orders. Market expecting more orders cancelled, dropping backlog and small amount of new orders. Shouldn't be any negative surprises, but any positive announcements may trigger a quick bounce up.