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.
This thing feels safe to me. Well run company. Rail car loading data looks like it is improving Barring a U.S. recession over next 18 months I see a run back to 20 by end of year.
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.
If we can get to 31 we can get to 35. Railcar loads, while down vs. 2014 and 2015 are holding strong and moving up slightly. If U.S. avoids recession this year we could easily see 40 in 2016 for GBX.
USA Coal carloads per week averaged about 110k in 2013 and 2014. In 2015 nat gas really kicked in plus coal piles were too high so rail cars shipped per week dropped to about 95k. In 2016 it dropped again to 70k/week. It looks like it has bottomed for now atleast and climbed a little the last two weeks. Domestic coal is supposed to be around for decades but will continue to fade. Need some luck for exports to increase a lot.
As long as we don't get a market sell-off. Should be no negative news. Just announced great quarter and provided very nice guidance for current quarter. Customers have deep pockets. Analysts will be announcing higher targets soon based on improved guidance. Should be EZ money.
how does a growth story like DY in a tech market that obviously needs their services stay under the radar. I have been trading stocks for 25 years and still don't get how this thing crushes "expectations" just how I expected them to and the market just watched it happen.
Wow I wish I would have put my money where my mouth was. I was exactly right and played it scared. Congrats to those who piled on in the 50s and 60s. 80 tomorrow!
don't know you but if you really did that, but if so don't make it worse by trying to drive tonight because you've got to be getting hammered.